Barney Frank spending heavily to hold his seat

October 21st, 2010 at 10:35 am by under News and Politics

Frank in the Oval Office last year

With less than eight hours to go before WPRI releases the results of our exclusive 4th District poll, it’s becoming ever clearer how seriously U.S. Rep. Barney Frank is taking the challenge from his Republican opponent Sean Bielat.

Frank’s campaign war chest shrank by 40% in the first two weeks of October, according to his latest campaign finance report, which had to be filed by the end of today. The 14-term Democrat’s cash on hand dropped from about $1.1 million on Sept. 30 to $649,560 on Oct. 13.

The Bielat campaign hasn’t filed its latest financial report as of this writing. The Republican had $364,664 on hand as of Sept. 30. I’ll update when I get his numbers.

As for Frank, he spent $700,000 and raised $268,604 during the first half of this month. All told, he has shelled out $2.7 million during this election cycle to hold onto the seat he first won the year Ronald Reagan was elected president. This also helps explain why Frank said yesterday he is loaning his campaign $200,000.

For my Rhode Island readers, neither of the 1st District candidates – Democrat David Cicilline and Republican John Loughlin – has filed his campaign finance report as of now. These will be the last spending snapshots we get for federal candidates before voters go to the polls on Nov. 2.

(image credit: White House/Pete Souza)

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2 Responses to “Barney Frank spending heavily to hold his seat”

  1. [...] New: Frank spends $700,000 in two weeks (Oct. [...]

  2. [...] As I reported yesterday, veteran U.S. Rep. Barney Frank – who our exclusive new poll shows is facing a stiff challenge this year – saw his cash on hand fall to $649,560 on Oct. 13. His Republican challenger Sean Bielat wasn’t too far behind, with $462,914 on hand after he raised a whopping $653,705 in the first two weeks of October alone. Frank says he’ll lend his campaign $200,000 to stay competitive between now and Nov. 2. [...]