Obama Outspends Romney 2-1 With $43 Million in Funds for Ads

Barack Obama has more money in his campaign bank account than Republican challenger Mitt Romney, and the president is using his funds early -- outspending the former Massachusetts governor by about 2-to-1 last month.

Obama entered July with $97.5 million in the bank, and used a part of it to run 35,347 television ads in the 14-day period ending July 16, according to New York-based Kantar Media’s CMAG. The Romney campaign, which began July with $22.5 million, aired 16,946 spots during that period. Since more than 97 percent of those commercials were negative, that meant voters saw twice as many campaign-funded ads attacking Romney rather than Obama.