Pence campaign’s $620,000 debt could mean it’s doomed: report

On Sunday, October 15, according to an exclusive report from NBC News, ex-vice president and 2024 presidential candidate Mike Pence's campaign finance filing is set to be publicized.

Regarding the former vice president's current state of finances, NBC reports:

Pence's numbers reveal a campaign under serious strain, operating on completely different financial terrain from that of his rivals, and they raise questions about his ability to continue to compete in the GOP primaries. Racking up debt, in particular, has long been a sign of presidential campaigns in trouble — and potentially on the verge of ending.

The news outlet notes Pence's "campaign told NBC News it will report having raised $3.3 million in the third quarter, with $1.2 million cash on hand and $620,000 in debt."

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Furthermore, the 2024 hopeful's "$1.2 million in the bank limits what the campaign can do," NBC reports. "And at least $200,000 of it is not actually usable during the primary season and would be available only in the general election, according to an NBC News analysis of his second-quarter financial report. That's because it was raised from donors who had already given the maximum amount for the primary campaign."

The release of "Pence's campaign finances is coming out in the dash to make the third Republican primary debate on Nov. 8. The Republican National Committee's criteria for candidates include racking up 70,000 individual donors to qualify for the stage," NBC notes.