Just like a Republican, Romney has campaign debt, less cash on hand. Just like a Democrat, Obama has a cash surplus
Romney has campaign debt, less cash on hand
WASHINGTON — After dominating the fundraising race for much of the summer, Republican presidential candidate Mitt Romney started the fall campaign sprint with a little more than $50 million available to spend and a large loan to repay, campaign finance reports show.
Romney raised nearly $67 million in August and spent nearly as much, according to his filings with the Federal Election commission. The spending included staff bonuses that totaled more than $207,000.
President Obama spent even more, burning through nearly all of the $84.8 million he raised in August, but he ended the month with nearly $89 million in cash reserves. Overall, Obama and the Democratic Party raised about $114 million in August, edging past the $111.6 million haul by Romney and the Republican Party.