Romney campaign reportedly hauls in about $100 million in June

by
July 6, 2012

FoxNews.com

Mitt Romney had a big fundraising month in June, with his campaign and related Republican funds pulling about $100 million, according to one party official.

That would dwarf the campaign’s previous best month’s tally, $77 million in May.

The campaign hasn’t publicly confirmed its June numbers, but Politico reported the $100 million figure Thursday, and Republican National Committee official Rick Wiley seemed to confirm it in a tweet that bragged of a haul “north of $100 million.”

President Obama’s campaign has yet to release its June totals, but it lately has been casting the incumbent as a fundraising underdog. The new results could support that portrayal, at least when party campaign funds are included.

Romney, while enjoying a financial bounty with money raised directly for his campaign and the RNC, was also getting help from outside “super” political committees working in his favor. Taken together, the groups’ fundraising strength means Romney could have a permanent financial advantage over Obama, who could be the first president in history to be outspent by his opponent.

Obama and Romney have raised more than $350 million combined toward the election — a pace expected to exceed $1 billion by November. That’s factoring in hundreds of millions in expected contributions to political parties, joint-fundraising efforts, super PACs and nonprofit organizations.

Romney officials have privately said the governor’s national committee was on track to raise $150 million in a period spanning roughly April through June. Those officials told donors there were few states that haven’t broken internal fundraising records, and they expressed confidence the campaign could close its cash-on-hand gap with Obama’s re-election effort.

Meanwhile, a joint-fundraising committee with the GOP, known as the Romney Victory Fund, has hosted more than 100 events so far, including a Boston fundraiser on May 24 that pulled in $7 million. Romney starting raising money with the Republican Party in April.

Obama himself broke fundraising records four years ago, pulling in $750 million for his last campaign, including a record $150 million in September 2008. To be sure, Obama also has super PACs working in his favor — notably Priorities USA Action, run by a former White House aide — although the groups have yet to catch up to the fundraising benchmarks of their GOP counterparts.

Pro-Romney super PACs like American Crossroads and Restore Our Future have spent tens of millions of dollars on TV ads critical of Obama in key states, and the groups expect to spend more as November approaches.

The Obama campaign has spent nearly $71 million on advertising from April through last week, part of an overall $90 million effort by Democrats on the presidential race, according to ad-spending reports provided to The Associated Press. Romney’s campaign has spent far less, $15.6 million, with super PACs making up the rest of the roughly $68 million for Republicans.

To read more, visit: http://www.foxnews.com/politics/2012/07/05/romney-campaign-reportedly-hauls-in-about-100-million/#ixzz1zo7BgSLa

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