Gregg, Pence ratchet up fundraising in race

INDIANAPOLIS (WISH) - Republican Mike Pence is winning the money race in the campaign for governor, but Democrat John Gregg is holding his own in numbers released Monday.

Pence has raised almost $10 million in his bid to succeed Gov. Mitch Daniels. That's considerably more than Gregg has raised - but he is also raising millions. The addition of running mate Vi Simpson helped boost Gregg's fundraising $1.8 million in the second quarter. That’s less than the $3 million raised during that time by Pence, but the Gregg campaign is expressing confidence.

"We've tripled our fundraising pace over the last three months," said spokesman Daniel Altman, "and we feel like we're in the position that we need to be to run our campaign."

Money is less of an issue for Pence and his running mate, Sue Ellspermann, and that's why the Republican campaign has been spending at a faster rate. The cash on hand numbers tell the story. Gregg has $3 million dollars in the bank. Pence has $5.5 million. There's no telling how high the numbers may go.

"No, we don't have a fundraising goal," said Pence campaign spokeswoman Christy Denault. "I think many a candidate has said it takes what it takes to win an election, and that's what we're hoping for, is to raise what it takes to win this election."

If it's a money race, Pence will win. But the Gregg campaign believes it has enough money to be competitive.

Most of that money is spent on TV ads, and Mike Pence has been on TV for eight weeks already.