Congressman Beto O’Rourke (D-Texas) raised more than $80 million in his unsuccessful bid to unseat Sen. Ted Cruz (R-Texas). While it was a losing effort for O’Rourke, the national spotlight positioned him as a leader in the Democratic Party and a potential candidate for president in 2020.
But newly released campaign finance documents reveal that O’Rourke nearly spent every dime of his record-breaking campaign haul.
Post-election finance documents released by the Federal Election Commission covering the period between Oct. 18 to Nov. 26 — or about three weeks before the midterm elections and three weeks after — show that O’Rourke’s campaign reported having only $477,000 in the bank at the end of the campaign.
In total, O’Rourke’s campaign raised a staggering $80.3 million for the unsuccessful Senate bid. Cruz, though raising less than half of O’Rourke’s total, still raised a respectable $38.9 million, campaign documents show. – READ MORE