Obama posts $114M Aug. fundraising haul, outpacing Romney

[Geee]

The Hill:

President Barack Obama's campaign raised $114 million in August, the largest monthly haul for either presidential campaign in the 2012 cycle.

Obama's total — raised through a joint account with the Democratic National Committee — bested Mitt Romney, who announced raising $111.6 million in August just minutes before the release from the president's campaign. Romney had beat Obama in each of the prior three months.

"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," said Obama campaign manager Jim Messina 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. That is a critical downpayment on the organization we are building across the country — the largest grassroots campaign in history."

 

 

The Obama campaign did not disclose the amount of money they had remaining on hand. Republicans said Monday that they entered September with $168.5 million in the bank. Obama entered August with $124 million, but it is not known how much the campaign spent throughout the month.

Regaining a fundraising advantage for the president will provide another boost to the president's campaign, which has enjoyed a post-convention polling bump in recent days. According to the Gallup daily tracking poll released Sunday, Obama leads 49-44 percent.