GOP Senate candidate Mead Treadwell raised $164,016 in the second quarter, which runs from April 1 to June 30, his report from the Senate clerk’s office shows. The report shows that he has $167,047 cash on hand, but his debts are $254,309, which means that he’s nearly $90,000 in the red.
Unlike Sen. Mark Begich and GOP candidate Dan Sullivan, Treadwell had declined to release the reports to the media earlier, presumably because this report, like his previous ones, don’t bode well for his ability to raise the kind of money that many believe is needed to beat Sen. Mark Begich in the fall.
Treadwell formed an exploratory committee in December, 2012, and has been an official candidate since the June, 2013. All told, he’s only raised $881,778, not including a $240,500 loan from himself to his campaign. It’s unclear if the loan is part of his reported debt. Begich raised $1.25 million in the last quarter alone and still has $2.15 million on hand. Sullivan raised $1.2 million and has $1.7 million on hand.
Joe Miller, who among the Republican candidates has relied the most heavily on grassroots support, only raised $129,000 last quarter. However, he has about $300,000 on hand, much of that being money left over from his 2010 race and his subsequent leadership PAC. And as Miller points out, he won the Republican primary in 2010 with about that amount of money.
Treadwell’s inability to raise money is not for lack of trying. He hired high-powered Republican Lisa Spies last fall to help fundraise, and in 2013 alone, he had at least 13 fundraisers across the country. He has chalked up his poor fundraising performance to the fact that Dan Sullivan has grabbed most of the attention of the big Republican donors, and has said that if he wins the primary, the money will begin to come to him.
However, it’s unclear if Treadwell will be able to lay the foundation in order to raise the money quickly enough to effectively challenge Begich.
In the meantime, although he hasn’t indicated that he would do so, he does have the financial ability to give his campaign a substantial loan in the last few weeks before the primary.
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