McFadden raises $700,000 in last three months for U.S. Senate race

WASHINGTON – Senate candidate Mike McFadden raised $700,000 in the third quarter of 2013 as he seeks the Republican endorsement to take on incumbent U.S. Sen. Al Franken, a Democrat who is in his first term.

McFadden, a rookie candidate and businessman, also will report to the Federal Election Commission that he has more than $1.2 million in the bank.

With nearly $1.5 million raised since he entered the race in May, so far, McFadden is the top fundraiser among the Republicans who hope to oust Franken next year.  State Sen. Julianne Ortman, state Rep. Jim Abeler and St. Louis County Commissioner Jim Abeler have not yet reported their fundraising.

Democrats have sought to use McFadden’s wealth and emphasis on fundraising against him, noting that McFadden skipped a county GOP candidate event for a Twin Cities fundraiser and made a recent Washington, D.C. appearance at a fundraiser with Republican operative Karl Rove.

Franken has not yet released his fundraising totals as of Sept. 30 but has a significant edge  in the money race so far. He raised nearly $6.8 million and had more than $3 million on hand as of June 30.