Sen. Ted Cruz had his costliest month of the presidential campaign in February, spending $17.5 million as he battled front-runner Donald Trump through a series of GOP primary contests, an effort that ran down his cash reserves.
Cruz campaign manager Jeff Roe wrote in a tweet that the senator from Texas raised $11.9 million last month, up from the $7.6 million his campaign collected in January. But Cruz entered March with just $8 million in the bank, down from the $13.6 million he had at the beginning of February.
Roe said the campaign has enough resources to sustain his bid all the way to the California primary.
FEB $ #'s due today. 11.9M raised in FEB; 8M in the bank. 66M total raised. Strong cash position to fund campaign thru June 7th! #CruzCrew
— Jeff Roe (@jeffroe) March 20, 2016
Cruz is also backed by a dozen independent groups, a chaotic dynamic that nonetheless has provided him with additional firepower. One of the biggest super PACs, Stand for Truth, reported raising nearly $4 million in February. Of that, $1 million was donated by Gale Alger of Palm Beach, Fla., wife of investment-firm founder Fred Alger.
Anu Narayanswamy contributed to this report.