Source: Bachmann raised $4 million in second quarter

Republican presidential candidate and U.S. Rep. Michele Bachmann speaks at a news conference at the U.S. Capitol July 13, 2011 in Washington, DC. Bachmann spoke on legislation regarding the debt ceiling and military benefits.
Getty Images/Win McNamee
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.