facebook
twitter
rss
account
search
search
 

Obama tops Romney in August fundraising

Sept. 21, 2012 at 7:32 AM   |   Comments

WASHINGTON, Sept. 21 (UPI) -- President Obama ended August with nearly $40 million more cash in the bank than Republican challenger Mitt Romney, campaign financial reports indicated.

However, the Republican National Committee had more than 10 times the amount of cash on hand than the Democratic National Committee, The Hill reported.

The reports, filed Thursday with the Federal Election Commission, indicated Obama ended August with $88.8 million, compared to $50.4 million for the Romney campaign. Romney's total included $15 million in loans that must be repaid, meaning that he began the month with access to about $35.4 million.

Obama outperformed Romney in fundraising in August, bringing in $84.7 million to Romney's $66.6 million.

An election law provision meant that much of the money Romney raised in the early months of the general election was held by the RNC and wasn't available until Romney formally accepted the nomination last month -- giving the RNC a huge cash advantage over its Democratic counterpart for the August reporting period, The Hill said.

FEC filings indicate the RNC ended August with $76.6 million cash on hand to the DNC's $7.1 million.

Obama and the DNC together started September with $95.9 million, The Hill said. The Romney campaign and the RNC had $112 million available.

Topics: Mitt Romney
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Six Flags fight leaves boy critically injured, may have been organized on Twitter Six Flags fight leaves boy critically injured, may have been organized on Twitter
2
Body of missing Realtor Beverly Carter found Body of missing Realtor Beverly Carter found
3
One shot in Albemarle High School shooting, shooter in custody One shot in Albemarle High School shooting, shooter in custody
4
Patient admitted to hospital with potential Ebola virus Patient admitted to hospital with potential Ebola virus
5
$900,000 Porsche Spyder catches fire at gas station $900,000 Porsche Spyder catches fire at gas station
Trending News
x
Feedback