The Hill News

Herman Cain's campaign is without debt and has "hundreds of thousands of dollars" in cash available, the Republican candidate said Thursday. But while his campaign may be in better financial shape than at any other point in the campaign cycle, Cain likely still trails his other formidable opponents.

"For the quarter, we will report, first of all, no debt," Cain said on CNN. "You see I run this very tight, like a startup business, because that's my nature as a businessman."

The former Godfather's Pizza CEO also said that fundraising had taken off for his campaign, which has surged in the polls as Texas Gov. Rick Perry has struggled with debate performances and gaffes.

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