The Washington Times - July 15, 2011, 01:21PM

Former Pennsylvania Sen. Rick Santorum’s long-shot bid for president fell flat in his latest fundraising report, putting him far behind the presumed front-runner in the race, former Massachusetts Gov. Mitt Romney.

Mr. Santorum raised $582,347 in the second quarter of 2011 ending June 30. He spent $352,232, leaving him with a mere $229,114. The news likely isn’t good for the social conservative candidate, who lost his 2006 re-election bid in a landslide and was looking for some positive news before next month’s straw poll in Ames, Iowa.

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Mr. Romney, meanwhile, raised $18.25 million and ended with $12.6 million in the bank. While he fell short of the $23.5 million, including roughly $2.5 million of his own money, that he raised in the first quarter of 2007, during his last presidential race, his latest fundraising report puts him well ahead of the rest of the field.

Also, Reuters reported Friday that Minnesota Rep. Michele Bachmann, who has emerged as one of Mr. Romney’s biggest rivals in the GOP presidential field, raised about $2 million for her campaign in the second quarter, while transferring an additional $2 million to her presidential bid from her congressional campaign account.