Watch CBS News

Source: Bachmann raised $4 million in second quarter

U.S. Rep. Michele Bachmann
Republican presidential candidate and Minnesota Rep. Michele Bachmann speaks at a news conference at the Capitol, July 13, 2011 in Washington. Getty Images/Win McNamee

A source close to GOP presidential aspirant Rep. Michele Bachmann has told CBS News that Bachmann will report a little less than $4 million raised for her campaign in the second quarter. Bachmann, who kicked off her campaign in Waterloo, IA, on June 27, must report her second-quarter fundraising figures by Friday.

The $4 million total came from $2 million raised in the last two and a half weeks, and $2 million transferred from her Congressional account. Her main rival at this stage, former Massachusetts Gov. Mitt Romney, raised about $18 million for his campaign from April through June. Former Alaska Gov. Sarah Palin, who is considered a contender despite staying out of the race so far, raised just $1.6 million in the first half of 2011.

President Obama collected $86 million for his re-election campaign and the Democratic Party in the last three months.

In a recent Quinnipiac Poll, Romney led the GOP pack in June and July surveys with 25 percent, while Bachmann came in at 14 percent in July, surging 8 percentage points since June.  

In Iowa, however, Bachmann has been polling ahead of Romney. A recent Mason Dixon Polling and Research survey gave Bachmann a 32 percent to 29 percent lead over Romney in the 2012 Iowa caucuses.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.