Super PACs rake in more cash than candidates

By Ray Watters

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The super PACs supporting Mitt Romeny and Newt Gingrich in the Republican presidential primary have raised more money and have more cash in the bank then the candidates' own campaigns.

Restore Our Future, the super PAC that supports Romney, and Winning Our Future, the super PAC that supports Gingrich, raised a combined $17 million in January and spent nearly $24 million. Much of the spending goes toward television and radio announcements to sway large numbers of voters at a time.

Compare that to these numbers: Romney gathered $6.5 million in donations during January and had $7.7 million left in the bank. Gingrich's campaign raised $5.5 million in Janauary and had about $1.8 million in cash remaining.