Romney raised US$170 million in September, trails Obama
WASHINGTON (REUTERS) - Republican presidential challenger Mitt Romney and his allies raised US$170.5 million (S$208.2 million) in September, the campaign said on Monday, falling just short of the 2012 fundraising record set last month by Democratic rival President Barack Obama.
Republicans began October with US$191.2 million in cash on hand - money ready to be spent on advertising, get-out-the-vote efforts, staff, offices, rallies and other campaigning in the weeks before the Nov. 6 election. Much of the haul, however, was not likely to directly benefit Romney's election bid.
Obama and the Democratic National Committee already have reported raising US$181 million in September, the best mark so far in the most expensive presidential election campaign in U.S. history. They did not disclose how much they had left in cash on hand.
September was the second consecutive month in which the Democrats out-raised Mr Romney's team after three months of the Republicans leading the way in fundraising.