Rubio's Cash Needs: Run For President, Make Home Repairs

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WASHINGTON (CBSMiami/AP) — Sen. Marco Rubio recently cashed out some of his retirement accounts last year. This is because the Republican presidential says he is not poor, but not rich either — and he had some unexpected expenses to account for besides his campaign.

The Florida senator tells "Fox News Sunday" he wanted the cash because he's running for president — but also because his refrigerator broke and "that was $3,000," his air conditioner had to be replaced and his kids' schools are getting more expensive.

Rubio sold retirement funds worth more than $68,000 last September, according to his personal financial disclosure statement. He made the sale even though he apparently had ample cash in the bank. He reported between $100,000 and $250,000 in a checking account and between $50,000 and $100,000 in a money market account at the end of 2014.

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