Tuesday, July 10, 2012

Obama Trails Romney in Battle for Campaign Cash

In the battle for political cash, President Obama is finding himself in an unaccustomed place during the final months of the 2012 campaign: he is losing.

Mitt Romney and the Republican National Committee easily outraised the formidable Obama money machine for the second month in a row. A nonstop schedule of high-dollar events around the country brought in $106 million during June to Mr. Obama’s $71 million, giving him and his party four times the cash on hand that it had just three months ago.

In a worrisome development for the Obama campaign, Mr. Romney, who until now has been heavily dependent on donors giving the maximum federal contribution, also showed success in June drawing small donors, a traditional strength of the Obama campaign. 

Read more: The New York Times


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