Reuters: Politics: Romney, Republican Party raise $101.3 million in July

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Romney, Republican Party raise $101.3 million in July Aug 6th 2012, 04:03 Tweet Share this Email Print Related News Obama ahead in three key states, poll shows Wed, Aug 1 2012 Romney tax plan helps rich, hurts middle class: study Wed, Aug 1 2012 Congress, White House move to deal with fiscal threats Tue, Jul 31 2012 Romney shrugs off criticism of bumpy European tour Tue, Jul 31 2012 Polish Solidarity distances itself from Romney visit Mon, Jul 30 2012 Analysis & Opinion A battleground is a battleground is a battleground is a battleground – or is it? Beyond the gaffes, Romney misleads and veers right Related Topics Politics » Barack Obama » Election 2012 » U.S. Republican presidential candidate Mitt Romney makes a point at a campaign event in Golden, Colorado August 2, 2012. Credit: Reuters/Rick Wilking By Steve Holland WASHINGTON | Mon Aug 6, 2012 12:03am EDT WASHINGTON (Reuters) - Republican presidential candidate Mitt Romney and the Republican National Committee raised $101.3 million in July, turning in another big month of financial strength for their battle to defeat President Barack Obama on November 6. In addition to the July numbers, the Romney campaign also planned to announce on Monday that Romney, the Republican National Committee and state party participants have $185.9 million cash on hand. Romney has been outpacing the Democratic incumbent in fund-raising, and his July total of $101.3 million is another sign that Romney and his allies are on course to wash away any cash advantage that Obama, as an incumbent president, typically would enjoy in a bid for re-election. Romney brought in $106 million in June, $35 million more than Obama raised that month, and the Democrats have warned they are in danger of being outspent in the run-up to the election. Romney finance chief Spencer Zwick said donations have come from a broad spectrum of people including Republicans, independents and Democrats. "We are well on track to raise the money to be successful in November," he said. While big donors have powered much of the Republicans' fund-raising numbers, the Romney campaign said 94 percent of all donations received in July were for $250 or less. Romney is to be formally nominated as the Republican candidate at the party's convention in Tampa this month. At that point, he can begin spending the massive haul in what may turn out to be the most expensive campaign. He is running neck-and-neck with Obama in the polls. The former Massachusetts governor will soon announce his vice presidential running mate, which the campaign hopes will provide a boost of enthusiasm for the Republican ticket. (Reporting By Steve Holland; Editing by Stacey Joyce) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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