Friday, April 20, 2012

Obama ends quarter with more than $100 million in bank, but Romney and his allies are close behind

Obama Logo We already knew President Obama and the Democratic National Committee had raised a combined $53 million in March for his reelection campaign, but now we know that between them, they have just under $108 million cash on hand'$104 million for the Obama campaign itself and $3.7 million for the DNC's Obama Victory Fund.

That compares favorably with Mitt Romney's $10.1 million cash on hand, but that figure does not include Republican National Committee fundraising nor does it include Romney-aligned Super PACs. RNC Chairman Reince Preibus earlier today claimed the committee had $33 million in the bank. Karl Rove's Super PAC has $24 million in the bank, after raising $49 million last quarter and Mitt Romney's Restore Our Future Super PAC ended March with $6.5 million in the month. Combined, that's roughly $75 million cash-on-hand. With Romney's primary now basically over, he'll be able to better control his burn rate, so it's actually a pretty good position for him to be in.

President Obama's Super PAC, Priorities USA, hasn't yet reported it's March fundraising, but it's expected to fall far short of Romney's Super PACs.

2:52 PM PT: President Obama's campaign manager tweets:

We just filed our FEC report and as always disclosed our volunteer Fundraisers. And again Romney wont. #WhatsRomneyHiding

' @Messina2012 via Twitter for iPhone


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