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Obama campaign runs deficit in June
June was the second consecutive month in which Romney brought in more money than Obama, finance reports filed Friday show. Romney's money advantage prompted Obama's campaign advisers to warn earlier this month that the president could lose the election if the financial disparity continued. Obama tried to answer the super PACs supporting Romney by spending $38.2 million on television advertising. Romney spent less than a third of that - $10.4 million - on TV time. Romney's campaign nearly doubled its spending in June compared with the previous month, underscoring the close proximity of the November general election in which Republicans hope to unseat Obama and, in part, dismantle the president's signature health care overhaul. Much of Romney's financial advantage - he raised $106 million last month with the help of the Republican Party - came from larger donations in a handful of battleground states. Those included Florida, where the Romney Victory Fund pulled in about $4.4 million in individual contributions, records show. Competing fiercely to keep the presidency, Obama reported more than $46 million in June and total spending of $58 million. The Democratic Party reported $37.5 million in the bank. Romney, during the same period, reported receipts of $33 million and spending of $27.5 million for June. The challenger's cash on hand was almost a mirror image of Obama's and the DNC's, as Romney reported $22.5 million in the bank and the Republican National Committee said it had $89.4 million. Posted by: Steve White 2012-07-22 |
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