Obama out fundraises Romney in August

Washington, DC, United States (4E) – The Obama campaign announced that it raied $114 million in August for its re-election bid, outraising GOP presidential candidate Mitt Romney’s $111.6 million haul last month. This is the first time since April that Obama pulled in more funds than his Republican challenger.

The Obama campaign announced the figures just 23 minutes after the Romney campaign made their own announcement for their third straight month of at least $100 million raised.

According to Obama campaign’s @barackobama Twitter handle, around 98 per cent of the entire donations they received in August were $250 or less, averaging $58.31. The Romney campaign, on the other hand, said that their $250 or less donations totalled $34.6mn or about one-third of the entire amount raised.

The naming of Paul Ryan as Romney’s vice presidential candidate has boosted Romney’s fundraising performance for August, the biggest month so far for the former Massachusetts governor. Romney’s campaign spokesperson Andrea Saul said they raised $5 million on August 12, a day after Ryan was introduced as Romney’s running mate.

The GOP camp also announced that the campaign has $168.5 million to dispense, a huge amount given that the electrons is just two months away. The Obama campaign is yet to reveal how much cash the president has to spend.

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