Perry Raises $17 Million In First Campaign Period

Texas Governor Rick Perry raised $17 million in his first quarter in his race for the Republican presidential nomination, solidifying his position as top rival to Mitt Romney.

Perry’s campaign on Wednesday also reported an impressive $15 million in cash on hand. It was widely reported that his advisers had set an internal goal of raising $10 million.

“Team Perry understands the cardinal rule of politics – under-sell and over-deliver,” said Ford O’Connell, a Republican strategist who has donated to Perry in the past.

“Improving his debate performance is key for a lot of his would-be financial backers,” O’Connell said.

Read more from Kim Dixon and Karen Brooks at Reuters

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