Will Mike Pence or Tim Scott drop out first? Scott’s Super-Pac pulls ads: The super PAC supporting Tim Scott’s presidential bid is canceling most of its remaining TV spending, reversing course after reserving $40 million in ads for him ahead of the Iowa caucuses. The retreat from TV is the latest sign of how dire the primary has become for a candidate who once anticipated outside help from big donors — but who is now polling in low single digits and hasn’t yet qualified for the third debate. Pence reports a dismal fund-raising haul: Former Vice President Mike Pence is reportedly facing an “existential cash squeeze” that could bring an end to his 2024 run for the White House. Pence’s campaign told NBC News that filings due at the Federal Election Commission by the end of Sunday will reflect some $620,000 in debt, and that Pence has resorted to putting $150,000 in personal funds to the low-polling effort. While the GOP candidate raised $3.3 million in the third quarter and has $1.2 million cash on hand, NBC notes that taking on debt “has long been a sign of presidential campaigns in trouble—and potentially on the verge of ending.” … Amid his discouraging fundraising, Pence has decided to skip the GOP-run Nevada caucuses and instead file for the state-run primary—a so-called “beauty contest” that won’t award any delegates involved in selecting the party’s nominee. “We’ll probably have to be a little bit more selective in where we invest resources, and that was the basis of that,”…