With $114 million, Obama just outraises Romney in August

September 10, 2012

By Jeff Mason and Sam Youngman, Reuters

WASHINGTON/BOSTON | President Barack Obama’s campaign and its Democratic partners raised more than $114 million in August, narrowly beating Republican rival Mitt Romney for the first time in months as the race for the White House approaches its final stretch.

Former Massachusetts governor Romney and fellow Republicans raised more than $111 million, continuing a string of high-dollar hauls that leave him well equipped to contest the November 6 election.

While Obama shattered every fundraising record in 2008 after becoming the first presidential candidate to opt out of a federal matching funds system, Romney has outpaced him significantly on the fundraising front since April.

That has added to a cash advantage on the Republican side that is helped by the success of outside groups, or Super PACs, that have spent lavishly in support of the Republican candidate with unlimited funds from millionaire donors.

In July the Obama campaign raised $75 million to Romney’s $101 million. That discrepancy shifted in August.

The Democratic incumbent broadened his donor base last month with more than 317,000 donors who had never given money before, Obama campaign manager Jim Messina said in a statement. More than 1.1 million donors in total gave to the Obama cause.

To read more, visit:  http://www.reuters.com/article/2012/09/10/us-usa-campaign-fundraising-idUSBRE88905F20120910

No comments yet - you can be the first!

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.