Election 101: 11 questions about Rick Perry and his White House bid

The Texas governor made clear his intention to run for president with appearances in South Carolina and New Hampshire on Saturday and a planned trip to Iowa on Sunday.

7. How are his finances?

Perry has yet to form an official campaign committee, so his finances remain unknown. However, an outside group called Americans for Rick Perry recently raised $400,000 in three weeks.

Perry's extensive networks (he is chair of the Republican Governor's Association and has received endorsements from Haley Barbour, as well as the Texas delegation) should make Perry immediately competitive on the fund-raising front.

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