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Obama campaign takes in $126m in fundraising ahead of final election push | Obama campaign takes in $126m in fundraising ahead of final election push |
(about 1 month later) | |
President Barack Obama's campaign to win a second term in the White House is approaching the end of the US election cycle flush with cash after yet another massive month of fundraising. | President Barack Obama's campaign to win a second term in the White House is approaching the end of the US election cycle flush with cash after yet another massive month of fundraising. |
The latest figures from the Federal Election Commission (FEC) show that Obama for America pulled in a total haul of more than $126m in September. | The latest figures from the Federal Election Commission (FEC) show that Obama for America pulled in a total haul of more than $126m in September. |
The campaign, which has faced a resurgent Republican challenge from Mitt Romney ahead of the 6 November ballot, now sits atop a cash mountain of some $100m as money taken in has outstripped money spent so far. | The campaign, which has faced a resurgent Republican challenge from Mitt Romney ahead of the 6 November ballot, now sits atop a cash mountain of some $100m as money taken in has outstripped money spent so far. |
The news provides a welcome shot in the arm for the Obama team which appeared to be cruising to a comfortable lead in the polls before a poor performance by Obama in the first presidential debate in Denver saw the race suddenly narrow. | The news provides a welcome shot in the arm for the Obama team which appeared to be cruising to a comfortable lead in the polls before a poor performance by Obama in the first presidential debate in Denver saw the race suddenly narrow. |
The impressive fundraising total means the Obama camp's advertising campaigns will continue relentlessly onwards via the airwaves of the crucial battleground states and help ensure a well-funded "ground game" that will get out the vote on election day. | The impressive fundraising total means the Obama camp's advertising campaigns will continue relentlessly onwards via the airwaves of the crucial battleground states and help ensure a well-funded "ground game" that will get out the vote on election day. |
Romney's own returns for September are set to be filed to the FEC later Saturday. It is set to be a roughly similar sum though a little lower than Obama's. | Romney's own returns for September are set to be filed to the FEC later Saturday. It is set to be a roughly similar sum though a little lower than Obama's. |
Earlier this week the Romney team indicated it would raise around $170m in September but in conjunction with the Republican National Committee (RNC). | Earlier this week the Romney team indicated it would raise around $170m in September but in conjunction with the Republican National Committee (RNC). |
The RNC has now released sums showing it hauled in $48m, meaning Romney's campaign would have to directly raise in the region of $122m to hit their stated total. | The RNC has now released sums showing it hauled in $48m, meaning Romney's campaign would have to directly raise in the region of $122m to hit their stated total. |
But it is not just parties and candidates that matter in the 2012 election. Outside bodies, known as Super Pacs, are also big players after a loosening of campaign finance regulations. | But it is not just parties and candidates that matter in the 2012 election. Outside bodies, known as Super Pacs, are also big players after a loosening of campaign finance regulations. |
They are controversial because of much less strict laws governing disclosure of donor identities and how much any individual can fork over. | They are controversial because of much less strict laws governing disclosure of donor identities and how much any individual can fork over. |
The newest figures from the FEC also show the Democrats' main Super Pac brought in a big sum. The pro-Obama group Priorities USA Action said it raised $15.2m in September, compared with $14.8m for the pro-Romney group Restore Our Future, according to filings with the Federal Election Commission. | The newest figures from the FEC also show the Democrats' main Super Pac brought in a big sum. The pro-Obama group Priorities USA Action said it raised $15.2m in September, compared with $14.8m for the pro-Romney group Restore Our Future, according to filings with the Federal Election Commission. |
Republicans showed greater fundraising strength at the party level in September. | Republicans showed greater fundraising strength at the party level in September. |
But on a party level the Republicans are doing better. The Democratic National Committee could not compete with the RNC's efforts. The DNC raised $20.3m in September and actually borrowed $10.5m. | But on a party level the Republicans are doing better. The Democratic National Committee could not compete with the RNC's efforts. The DNC raised $20.3m in September and actually borrowed $10.5m. |
It ended September $20.5m in debt, according to its filing with the FEC. | It ended September $20.5m in debt, according to its filing with the FEC. |
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