(CNN) – While President Barack Obama's campaign outraised Mitt Romney's team last month for the first time since April, records show the Republican National Committee still has an advantage over its Democratic counterpart.
The RNC took in a record $35.6 million in August, compared to $13.6 million for the Democratic National Committee, according to new filings with the Federal Election Commission.
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Party committee totals are important as a large chunk of their cash goes toward their respective presidential candidates' campaign effort.
The big RNC boost came as good news for the Romney campaign, which was forced to borrow $20 million in August because, by law, the de facto GOP nominee could not tap his general election funds until after he accepted the nomination at the Republican National Convention at the end of last month.
The Republican group also has a substantial amount more money in the bank ($76.6 million) than the DNC ($7.1 million), the reports showed.
Furthermore, cash on hand for the Romney Victory Fund, comprised of money from the Romney campaign and the RNC, beats out the Obama Victory Fund, similarly made up of Obama campaign funds and DNC contributions, with $168.5 million for the Republican presidential effort and $125.1 million for the Democrats'.
However, the Democratic campaign arm for the House of Representatives boasted a sizable margin over Republicans in August. The Democratic Congressional Campaign Committee brought in $11.6 million compared to $6.8 million for the National Republican Congressional Committee.
Monday marked the final day in session for the House before Election Day, as members of Congress now head home to campaign.
The news comes as Democrats fight to win back control of the chamber in their "Drive to 25" program, an aggressive effort targeting House districts across the country to gain the 25 seats needed to retake the majority.
The House Republican committee, however, still has more cash on hand than its Democratic counterpart, with $49.8 million for the NRCC compared to $40 million for the DCCC, according to the FEC.
– CNN's Peter Hamby and Paul Steinhauser contributed to this report.
Thanks a lot Supreme Court , Corporations are people too , dose that mean the Court is a Corporation ?
Money doesn't buy happiness.
Hope they loose all the money that they have put on this looser.
The Pubs are expecting a BIG return on their "investment" Mitt. Be prepared to bend over even further IF you win....
Romney was SUPPOSED to be the "good manager" and yet Barack Obama`s 2008 & 2012 campaigns have been very well run while Mitt was unsuccessful in 2008 and is a completely inept in 2012. Mr. "Fix-it" can`t even fix his campaign. I wouldn`t invest a dime in Romney.
The Media's Blitz on Romney's 47% is an over-kill.....serves purley to deflect what's happening in the Middle East
which puts into question Pres Obama's Foreign-Policy..."His Ace Card"..Not only does Pres Obama not have in check
his Home-Policy-Affairs to campaign on but now his applauded strength on the Foreign-Policy-Affairs comes into
question as well...which by the way went suddenly...."PUFF-PUFF"................
"The news comes as Democrats fight to win back control of the chamber in their "Drive to 25" program, an aggressive effort targeting House districts across the country to gain the 25 seats needed to retake the majority. "
Wishful thinking, lefties. Latest ranking showing GOP with 229 house seats, and 23 other seats still in the "toss-up" category. Say hello to another 2 years of "Mr. Speaker Boehner". Source – RealClear Politics.
Wow....that's an amazing amount of zeros...especially from the Republicans. Amazing how easily this money is found when they want to protect what they believe is "theirs". Newsflash - the country belongs to all of us! Even your money can't take that away! Maybe if you donated half as much to charities we'd have more disease cures and more educated children!
Wow....that's an amazing amount of zeros...especially from the Republicans. Amazing how easily this money is found when they want to protect what they believe is "theirs". Newsflash – the country belongs to all of us! Even your money can't take that away! Maybe if you donated half as much to charities we'd have more disease cures and more educated children!
Couldn't say it better !
Of course they will still give him money, they are desperate to win. Think of all the money donated so far, does anyone think these donors won't do everything for a return on their investment? The smart ones won't but those that believe in winning at all costs will. Cheating, voter suppression, whatever works for them. They only have a few months to watch their money get flushed down the toilet.
The sad part is watching this train wreck implode. The once Grand Ole Party has turned into the Greedy old Pigs. That are so desperate to be back in control they are losing their minds.
Be safe President Obama....... God bless.
"Money doesn't buy happiness."
Yeah, just power.
The numbers highlight a nice little difference the GOP/Teatrolls are relying on. Most of Obama's supporters have to choose where to send their money because they can't send it to both, while the GOPers/Teartolls are pandering to those who can just throw it all over the place.
'Wishful thinking, lefties. Latest ranking showing GOP with 229 house seats, and 23 other seats still in the "toss-up" category. Say hello to another 2 years of "Mr. Speaker Boehner"."
Hint: Gloating over the ability to keep the recovery hampered and stagnant and using control over the House to gridlock Congress, manufacture crises and push an abhorrent domestic social agenda...none of that actually helps you....not when they do it and not when you gloat about them doing it.
I hope Obama wins because he will forgive all my student loans and give me a good job.
The RNC has all that money just waiting to be burned and go up in flames.
Thomas– If UNIONs are people, then Corporations are people.
Wow, America disgusting the level of 'lov of money' no wonder Congress WONT solve any of America's ISSUEs. JUST DISGUSTING!
phillygrl- Do a little resarch; Republicans give far more to charity than the Dims. Dims insist the Government do that job.
This fundraising disparity points to something the article doesn't mention (and I wouldn't expect an CNN staffer to mention) – that the enthusiasm gap is still alive and well in the Democratic camp. Enthusiastic voters give money to their candidate(s), and this fundraising is one more piece of proof that the Democrats might have people who say they'll vote for Obama in November, but aren't excited enough about it to put their money where they're mouth is. The bible has something to say about that: where your treasure is, there will be your heart also. Obama has lost America's heart in this election which has abandoned 'hope and change' and exchanged it for name calling, lies and talk about the future because Obama's record is hurting the 'forward' progress. Romney isn't perfect, but he's got more to offer than fear mongering.
When the cause is lost, the money dries up quickly.
As more and more people realize there is absolutely no chance for Romney to win, he'll get less donations.
The opposite is true for the president, as big money will start streaming in from big donors who won't want to not have given to the winning side... September should see the president vastly exceeding Romney's donation haul... and then things will get interesting.
@phillygl exactly! It's all about how it's spent. U can hv more but how it's used is more effective! And the message:-)
"Why does Mr. Romney keep adjusting his campaign?"
This one is exceedingly simple. You see, for the GOP/Teatrolls, when they say a buncgh of crap that nobody buys or believes or that everyone rejects, the fervently believe the following with every fiber of their being: "it wasn't the message, it's the messaging...someone, quick, polish that turd and wrap it up in shinier packaging."