Rick Santorum raised $4.2 million in January
Rick Santorum's campaign said Monday it raised $4.2 million in January - slightly less than rival Newt Gingrich's $5 million for the month - but has more than $1 million cash on hand, an amount it says leaves Santorum well-positioned to compete going forward.
Santorum spokesman Hogan Gidley said the campaign's numbers picked up after Gingrich began dropping in the polls following his win in the South Carolina primary. It now has more than $1.1 million cash available to spend.
"Our fundraising increase is in direct relation to Gingrich's collapse," Gidley said. "We raise more money when Gingrich shows signs of weakness. He put all his eggs in Florida; we did not. When he collapses [Monday], he's going to have to re-evaluate his campaign."
The Gingrich campaign would not say how much money it has on hand, but the former speaker has confidently said he will have plenty of funds to compete for the next six months if necessary.
Santorum bypassed Florida this week and on Tuesday campaigned in Lone Tree, Colo., whose state holds its caucus on Feb. 7. "I have the highest favorability ratings in Florida," he said. But he said voters there never perceived he could win the state. "Well, If those 68 percent [of non-Mitt Romney voters] would vote for me, I could win," he said.
