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2012 ELECTION, MONEY & POLITICS, POLITICS

Romney Campaign Outraises Obama For Third Straight Month

via Nicholas Confessore and Michael D. Shear, The New York Times

The fund-raising machine behind Mitt Romney and the Republican Party once again outperformed President Obama and the Democrats last month, raising $25 million more in July than the president and his Democratic allies.

Mr. Romney and the Republican National Committee took in $101.3 million in July, his campaign announced Monday, as Republican donors rallied behind their presumptive nominee with the national convention only a few weeks away. The president’s campaign announced on Twitter on Monday morning that his July fund-raising with the Democratic National Committee topped out at about $75 million — the third month in a row they have brought in less than the Republicans.

Mr. Obama’s team appears to have all but conceded the money race, deluging the president’s grass-roots supporters this summer with fund-raising e-mails and warning supporters of the financial advantage that the Republicans will hold going into the final months of the campaign.

“Make no mistake, we will be outspent,” a senior campaign official said during a conference call with reporters last month.

More detailed information about the July fund-raising, including how much the candidates themselves raised and how they spent their money, has not yet been released by the two candidates. All campaigns are required to report their fund-raising to the Federal Election Commission by Aug. 20.

But the Republican figure keeps Mr. Romney and his party on pace to bring in $800 million for the cycle, the target set by Mr. Romney’s team in April. Roughly a quarter of the Republicans’ haul, $25.7 million, came in donations under $250, as Mr. Romney worked to increase his appeal among small donors.

“Americans are clearly looking for a change in the White House,” Reince Priebus, the chairman of the R.N.C., said in a statement. “While President Obama claims that his economic plan ‘worked,’ the American people know that his policies haven’t worked and he has failed to fix our economy.”

Because Mr. Obama easily outraised Mr. Romney all of last year and early this year, the president does not need to beat Mr. Romney in the months ahead to bring in the roughly $750 million his team has said they wish to raise in this cycle.

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