Big states that are expensive to have a campaign presence in are up next in the GOP primary, and they aren't going to be too friendly to the candidates' dwindling coffers. Seven primaries were held in February, and the contenders drained their funds in order to perform well in the high-stakes contests: Romney spent over $12 million while raising $11.5 million; Santorum raised $9 million, but spent $7.6 million; and Newt Gingrich spent $1.5 million while raising $2.6 million.
It’s official: Primary fatigue has set in. Today’s contest in Illinois is the 28th primary or caucus so far, and just as the public reacted in groans after the 20th debate, folks are starting to tune out this Herman Cain and Rick Perry-less contest. We have our fond memories, of course—the Iowa caucuses dished up an exciting and tense start to the race, and the late-night culmination of Super Tuesday had its moments. But now even the suspense that kept us glued to every word Wolf Blitzer and Anderson Cooper uttered on primary nights is fading fast—the current Real Clear Politics average has Mitt Romney up by 10 percentage points in Illinois.
Representative Paul Ryan, chair of the House Budget Committee, plans to unveil his 2013 budget plan this morning, much to the excitement of Democrats and to the chagrin of Republicans, who remember how last year's budget negotiations turned out for them (not well). Although the details of the plan have yet to be released, changes to the tax code and Medicare will be the proposal's big-ticket items.
Apple—the world's most valuable company—announced today that it plans to use some of its $97 billion cash stockpile toward paying a regular dividend of $2.65 per share starting in the fourth quarter, and a stock buyback of up to $10 billion.
The International Monetary Fund (IMF) approved a $36 billion contribution toward the latest Greek bailout. Along with more than $170 billion from other European governments and institutions, the IMF loans will be doled out over the course of four years, hopefully allowing the country and the eurozone to regain their financial standing.