Veteran U.S. Sen. Jim Bunning (R-Ky.) said today he won't seek a third term, citing a lack of funds to wage what would have assuredly been a contentious primary battle against Kentucky Secretary of State Trey Grayson.
More than 100 former Bunning donors have already left the 77-year-old senator to support the 37-year-old Grayson, reports the Courier-Journal of Louisville, Ky.
Indeed, Bunning's campaign account doesn't crack $600,000, and his current election cycle fundraising totals are paltry compared to previous cycles, according to a Center for Responsive Politics analysis of his most recent disclosure filings.
During the six-year election cycle culminating with Bunning's reelection in 2004, for example, Bunning raised more than $6.52 million and spend about as much.
That far outpaced his opponent, Daniel Mongiardo, who raised about $2.88 million. Even so, Bunning won a narrow victory over Mongiardo, defeating his Democratic foe 51 percent to 49 percent.