BREAKING NEWS

Romney, Republican Party raise $101.3 million in July

By REUTERS

AUGUST 6, 2012 07:08

WASHINGTON - Republican presidential candidate Mitt Romney and the Republican National Committee raised $101.3 million in July, turning in another big month of financial strength for their battle to defeat President Barack Obama on Nov. 6.

In addition to the July numbers, the Romney campaign also planned to announce on Monday that Romney, the Republican National Committee and state party participants have $185.9 million cash on hand.

Romney has been outpacing the Democratic incumbent in fund-raising, and his July total of $101.3 million is another sign that Romney and his allies are on course to wash away any cash advantage that Obama, as an incumbent president, typically would enjoy in a bid for re-election.

Romney brought in $106 million in June, $35 million more than Obama raised that month, and the Democrats have warned they are in danger of being outspent in the run-up to the election.

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