BOSTON - Republican presidential candidate Mitt Romney raised more than $111 million in August, according to a statement issued by his campaign, maintaining an overwhelming cash advantage over President Barack Obama.

With less than two months to go before the Nov. 6 presidential election, Romney maintained his streak of fundraising dominance as his campaign, the Republican National Committee and state Republican parties reported that together they have about $168.5 million in cash at their disposal.

While Obama shattered every fundraising record in 2008 after becoming the first presidential candidate to opt out of a federal matching funds system, Romney has significantly outpaced the president in his bid for the White House this year.

After raising $101 million in July, Romney and the joint Victory Fund he shares with the Republican National Committee already enjoyed a $60 million cash-on-hand advantage over Obama.

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