Budget Chairman Ryan Has $5 Million in Campaign Funds

Photograph by Win McNamee/Getty Images

Paul Ryan at the Heritage Foundation on March 22, 2012.

Representative Paul Ryan, the budget-writing Wisconsin Republican sometimes mentioned as a running mate for Mitt Romney, has more than $5 million in campaign reserves.

Ryan, who’s been in the House since 1999, began April with $5.1 million in the bank after raising $732,000 and spending $283,000 in the first three months of this year, his campaign said today in a filing to the Federal Election Commission.

Ryan’s campaign increased its cash-on-hand from $4.6 million at the end of 2011, when only House Speaker John Boehner of Ohio, with $4.8 million, had more in the bank among House members. Ryan’s campaign filed its first-quarter report four days before an April 15 deadline that applies to most members of Congress.

Ryan, who probably will be re-elected in November, is one of Congress’s most prolific fund-raisers in part because of his national profile as the chairman of the Budget Committee and a spokesman for his party’s fiscal policies. President Barack Obama attacked a Ryan-sponsored budget blueprint last week and mocked Romney, his likely opponent, for describing the document as “marvelous.”

Ryan also sits on the Ways and Means Committee, an influential panel with jurisdiction over tax and trade issues. Members of that committee, often lobbied by industries with business before it, generally thrive at fundraising.

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