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Romney Builds Cash Edge Over Obama as Conventions Near

Presumptive presidential nominee Mitt Romney and his Republican allies entered August, and the final weeks before the national conventions, with more money to spend than President Barack Obama and the Democrats.

Romney, the Republican National Committee and two allied super-political action committees reported a combined bank account balance of $169 million on July 31. That compared with $107 million for the president, the Democratic National Committee and the pro-Obama Priorities USA Action. The figures are based on disclosures filed yesterday with the Federal Election Commission.