8:29 am Sep. 10, 2012
Shortly after Mitt Romney's campaign announced that it had posted yet another $100-million month—raising a combined $111.6 million in August—President Obama's campaign took to Twitter to say it had done them one better.
"Huge news: our grassroots campaign outraised the Romney campaign in August—the first time we've done so since April," the Obama campaign wrote on Twitter. "The campaign and combined committees raised over $114 million in August to the Romney campaign's $111 million." (The messages were on the @BarackObama account, but didn't have the "-bo" signature that means they were sent by the president personally.)
Obama was initially expected to swamp the Romney campaign in official campaign money, but the president's fund-raising lagged over the summer, while Romney generated some momentum with big donors, out-raising the president for three straight months.
In July, Romney's campaign raised $101 million to just over $75 million for Obama.
It's not entirely clear what accounts for the surge in August, but the campaign said on Twitter that 1,170,000 people "stepped up to own a piece of this campaign last month."
The Romney campaign said in a press release that 822,223 donors gave less than $250 to its campaign in August, and that the campaign has a whopping $168.5 million in cash on hand for the home stretch. (Romney was barred from using money raised for the general election until last week, when he formally accepted the Republican nomination.)
The Obama campaign, which has outspent the Romney campaign in recent months, even as it has lagged behind in fund-raising, did not release its current cash on hand.