NBC News reports:
Former Vice President Mike Pence’s 2024 campaign faces a potentially existential cash squeeze, with debt already piling up.
The campaign told NBC News it will report having raised $3.3 million in the third quarter, with $1.2 million cash on hand and $620,000 in debt, when its campaign finance filing is due to be made public Sunday. Pence himself chipped in $150,000 from his personal funds, the campaign said.
Pence’s numbers reveal a campaign under serious strain, operating on completely different financial terrain from that of his rivals, and they raise questions about his ability to continue to compete in the GOP primaries. Racking up debt, in particular, has long been a sign of presidential campaigns in trouble — and potentially on the verge of ending.
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EXCLUSIVE: Former Vice President Mike Pence’s 2024 campaign is facing a potentially existential cash squeeze, with debt already piling up on the balance sheet. https://t.co/v86x6TqnpW
— NBC News (@NBCNews) October 15, 2023