Giuliani Has More to Spend Than Romney, Filings Show (Update4)

Giuliani Has More to Spend Than Romney, Filings Show (Update4)
By Jonathan D. Salant and Kristin Jensen

July 13 (Bloomberg) -- Rudy Giuliani entered the second half of 2007 with $3 million more in the bank to spend on getting the Republican presidential nomination than former Massachusetts Governor Mitt Romney, according to reports filed today with the U.S. Federal Election Commission.

Giuliani reported a bank balance of $18.3 million as of June 30, $15 million of it for the primary elections. Romney reported having $12.1 million in the bank, all for the primaries.

A former New York City mayor, Giuliani, 63, raised $17.6 million and spent $11.2 million during the three months ended June 30. He was the only one of the top three Republican presidential hopefuls to improve on his first-quarter fundraising.
He raised $15 million for the primaries and the rest for the general election campaign if he wins the nomination.

His biggest benefactors during the second quarter were the employees of New York-based Ernst & Young LLP, who gave him $148,750. Employees of Dallas-based Highland Capital Management LP, an investment firm, gave $73,500. Members of his law firm, Houston-based Bracewell & Giuliani LLP, and his consulting firm, New York-based Giuliani Partners LLC, gave him $33,705.