Bush Super PAC Likely to Miss Target

“A super PAC backing former Florida governor Jeb Bush is likely to fall short of collecting $100 million by the end of this month, despite widespread expectations that the group would hit that record-breaking sum, according to people close to the operation,” the Washington Post reports.

“The exact size of the war chest is closely held, but two individuals familiar with internal discussions believe the total that the Right to Rise super PAC will report in mid-July could be substantially lower than the nine figures that senior Republicans have anticipated.”

“That would be a major psychological blow for Bush’s operation, whose fundraising prowess has raised expectations about how much cash it has been amassing. Bush’s schedule for the past five months has been dominated by high-priced fundraisers for the super PAC, helping the group stockpile tens of millions.”

First Read: “There are two ways to read this: One, there is a money problem in Jeb World, which would be a psychological blow to an organization that’s relying on money to paper over a GOP grassroots that hasn’t exactly embraced Jeb. Or two, Team Jeb is trying to lower/reset expectations on a number they know will still be impressive. We’ll get the final answer on the fundraising numbers on or around July 15. “