Obama’s cash advantage grew in April
By Aaron Blake,
Despite his newfound status as the presumptive GOP presidential nominee, Mitt Romney’s campaign saw its fundraising fall off slightly in April, it spent more than it raised, and it still has less than one-tenth as much cash on hand as President Obama.
As previously reported, Romney raised $40 million for his campaign and the Republican National Committee in April — nearly equalling Obama and the Democrats’s $43.6 million — but the report filed Sunday shows the vast majority of that was for the RNC.
An FEC report filed Sunday shows Romney’s campaign raised $11.7 million for the month — down from more than $13 million in March — and spent $12.6 million, dropping its cash on hand number to $9.2 million.
Obama, by contrast, raised $25.7 million for his campaign and spent $14.6 million, leaving him with $115 million cash on hand. (Of course, Obama didn’t face a contested Democratic primary campaign.)
And Romney wasn’t the only one to see his fundraising fall off; the top super PAC supporting his campaign, Restore Our Future, raised just $4.6 million for the month, down from $8.7 million in March. It had $8.2 million cash on hand at the end of the month.
Meanwhile, Rick Santorum ended his campaign with $1 million in the bank and $2.3 million in debt, while Newt Gingrich exited with $4.8 million in debt and just $807,000 in cash.