Obama Edges Romney in August Campaign Fundraising Efforts

Obama Edges Romney in August Fundraising for Presidential Race
President Barack Obama’s fundraising efforts surpassed challenger Mitt Romney’s for the first time in four months. Photographer: Scott Eells/Bloomberg

President Barack Obama’s campaign raised $114 million in August, more than the $111.6 million collected by challenger Mitt Romney, the rivals said today.

The totals include money raised by their campaigns as well as by joint fundraising efforts with their respective national political parties. It was the first time in four months that Obama’s fundraising efforts had surpassed Romney’s.

“The key to fighting back against the special interests writing limitless checks to support Mitt Romney is growing our donor base, and we did substantially in the month of August,” Obama campaign manager Jim Messina said in a statement. “Fueled by contributions from more than 1.1 million Americans donating an average of $58 -- more than 317,000 who had never contributed to the campaign before --we raised a total of more than $114 million.”

Romney’s campaign said that it, along with the Republican National Committee and state party participants in its presidential effort, had about $168.5 million cash on hand. Obama’s campaign didn’t release a cash-on-hand figure.

“Americans are not better off than they were four years ago and they are looking for a change of leadership,” Romney’s national finance chairman, Spencer Zwick, said in a statement. “We will continue the hard work of raising the resources so that Mitt Romney and Paul Ryan can win in November, put in place their plan for a stronger middle class, and finally get the country back on the right track.”

Before it's here, it's on the Bloomberg Terminal. LEARN MORE