We have our first FEC filing for a major candidate in the 2016 presidential race: Ted Cruz’s campaign reported raising $4.3 million during the first fundraising quarter (ending March 31). Slightly more than $4.0 million came from individual contributions, while another $250,000 was transferred from another committee.
To put this $4.3 million into perspective, it was reported that several different pro-Cruz Super PACs were expected to bring in $31 million – so more than SEVEN times the amount of money the Cruz campaign raised.
Cruz’s campaign is the first – and only – major one to file, because he launched his presidential bid during the tail end of the first quarter (Jan. 1-March 31). We’ll get the 2ndQ FEC reports for Hillary Clinton, Marco Rubio, Rand Paul, etc. by July 15.