(Updates with committee spending starting in fifth paragraph.)
July 14 (Bloomberg) -- Sarah Palin’s political action committee has $1.4 million in the bank, according to a Federal Election Commission filing, as the former Alaska governor continues to contemplate a possible Republican presidential bid.
Palin’s SarahPAC raised about $1.7 million during the first six months of the year, while spending about $1.6 million, today’s report shows.
The 2008 Republican vice presidential candidate said this week she will announce her 2012 intentions in August or September.
Should she run for president, Palin can’t use the PAC money to directly fund her campaign, though the funds can be donated to others running for office and pay for travel by her on behalf of candidates.
The filing shows the PAC paid a Tennessee company $13,708 for “bus wrap” decor as part of her “One Nation” bus tour through the Northeast in late May and early June. The PAC also spent thousands of dollars for hotels, flights, meals and rental cars around the time of the tour. A $2,509 bill at the Key Bridge Marriott in Arlington, Virginia, was one of the larger hotel tabs.
About $5,000 was spent by the PAC for security, cars and drivers for Palin’s trip to Israel in March.
The PAC contributed $65,000 to mostly congressional candidates in Alabama, Colorado, Florida, Indiana, Mississippi, Missouri, New York, North Carolina, Pennsylvania, Tennessee, Texas and Wisconsin.
Much of the PAC’s spending was for media and political expenses, as well as for speechwriting services, air charters, postage and fundraising expenses.
In an interview on Fox News yesterday, Palin said she’s thinking about seeking the presidency “in the name of service” and that she believes she could win the office.
“I’m not so egotistical as to believe that it can only be me to turn this country around,” she said. “If there are those who are out there willing to serve, with good executive experience, who have that servant’s heart and -- and know not to be so excessively partisan that they can’t just do what’s right for the people who have elected them -- then I would certainly find that person and support them and do all that I could to make sure that they defeat Barack Obama in 2012.”
Palin, 47, traveled to Iowa late last month to attend the premiere of “The Undefeated,” a documentary about her political career. The first contest in the Republican nomination race is the Iowa caucuses, scheduled for Feb. 6.
--Editors: Don Frederick, Laurie Asseo.
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