Ted Cruz Has a Surprising Weak Spot in the Money Race
He needs a ton of small donors to compete with the Republican field. But it's a surprisingly small part of his funding base so far.
Ted Cruz: I Am Running for President
This article is for subscribers only.
Texas Senator Ted Cruz, who said Monday he is running for president, must raise at least $30 million, his advisers say, to be competitive in a sprawling Republican primary field that will be financially dominated by former Florida Governor Jeb Bush. Cruz hopes to raise as much as $50 million, still half what Bush's team set as a goal for early 2015 but also potentially more than any other GOP contender.
How he gets there will come down to balancing two kinds of donors, his advisers argue: those who can raise tens of thousands of dollars from friends and those who regularly chip in a few bucks via online donations.