Jeb Bush’s Campaign, Once Flush With Cash, Is Now $260,000 in Debt

The man who once rode a wave of money is now just trying to pay his bills.

Matt Rourke/AP

For indispensable reporting on the coronavirus crisis and more, subscribe to Mother Jones' newsletters.


Jeb Bush, once considered the prohibitive front-runner for the Republican presidential nomination due to his nine-figure war chest, has now revealed that his defunct campaign is more than a quarter of a million dollars in debt.

Bush ended his campaign almost two months ago amid poor poll numbers, but the extent of its wreckage is only now becoming clear. In a filing made over the weekend, Bush revealed that his presidential campaign is more than $260,000 in debt and has just $31,000 in cash on hand. That’s a stunning admission from the candidate who once sat on a pile of more than $115 million in cash, and a demonstration of just how far Bush fell.

A year ago, before Bush was even a declared candidate, he was working closely to wring dollars out of big donors for the benefit of his super-PAC, Right to Rise, which vacuumed up more than $100 million in its first six months of existence. Bush aides talked of a “shock and awe” campaign that would wow and cow his rivals.

According to Right so Rise’s filing from last summer, on April 15, 2015, exactly a year before the new report of the campaign’s debt, the super-PAC raised $852,000—just on that one day alone. The single biggest donor that day, James C. Flores, the CEO of mining giant Freeport-McMoran’s oil operation, gave $250,000. That would now be nearly enough to wipe out the campaign’s remaining debt. (Not that it could: Super-PAC money isn’t legally available for the direct use of the candidate it backs.)

Last April, Bush was actually worried about being seen as having too much money, and he asked his super-PAC donors not to write such big checks. This April, the Bush team is just trying to keep the lights on while it finishes winding down.

As if that weren’t bad enough for Bush, the biggest outstanding debt comes from a $250,000 loan issued during the campaign’s dying days—by Bush himself.

THE BIG PICTURE

You expect the big picture, and it's our job at Mother Jones to give it to you. And right now, so many of the troubles we face are the making not of a virus, but of the quest for profit, political or economic (and not just from the man in the White House who could have offered leadership and comfort but instead gave us bleach).

In "News Is Just Like Waste Management," we unpack what the coronavirus crisis has meant for journalism, including Mother Jones’, and how we can rise to the challenge. If you're able to, this is a critical moment to support our nonprofit journalism with a donation: We've scoured our budget and made the cuts we can without impairing our mission, and we hope to raise $400,000 from our community of online readers to help keep our big reporting projects going because this extraordinary pandemic-plus-election year is no time to pull back.

THE BIG PICTURE

You expect the big picture, and it's our job at Mother Jones to give it to you. And right now, so many of the troubles we face are the making not of a virus, but of the quest for profit, political or economic (and not just from the man in the White House who could have offered leadership and comfort but instead gave us bleach).

In "News Is Just Like Waste Management," we unpack what the coronavirus crisis has meant for journalism, including Mother Jones’, and how we can rise to the challenge. If you're able to, this is a critical moment to support our nonprofit journalism with a donation: We've scoured our budget and made the cuts we can without impairing our mission, and we hope to raise $400,000 from our community of online readers to help keep our big reporting projects going because this extraordinary pandemic-plus-election year is no time to pull back.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate

We have a new comment system! We are now using Coral, from Vox Media, for comments on all new articles. We'd love your feedback.