Google Search

Sunday, May 27, 2012

A Drop in Fund-Raising for the Obama Campaign

President Obama’s campaign took in $25.7 million in April, a significant drop from March, according to records filed with the Federal Election Commission on Friday afternoon.

The drop-off — Mr. Obama raised $10 million more in March — signals a lull for the president as his Republican rival, Mitt Romney, has effectively locked down the Republican nomination and begun aggressively fund-raising for the general election campaign.

The Democratic National Committee, which Mr. Obama also raises money for, took in $14.4 million during April, less than it did in March. That brings Mr. Obama’s combined haul to about $40.1 million, not including money paid by the party’s joint committee for fund-raising expenses.

Mr. Romney’s campaign said this week that Mr. Romney and the Republican National Committee, which have a similar joint arrangement, had also raised about $40.1 million. His campaign had not filed detailed disclosures with the F.E.C. as of Friday evening. The candidates are required to file by midnight on Sunday.

The Romney campaign confirmed that Mitt and Ann Romney put their own money into the 2012 campaign, giving $75,000 each to Romney Victory Fund, a joint initiative between Mitt Romney and the Republican National Committee.

Both Mr. Romney and Mr. Obama are seeking to raise at least $750 million for their respective campaigns and parties this cycle, goals that make it likely that neither candidate will accept public financing for the general election. But Mr. Obama, who faced no primary challenge, is much further along: his campaign has raised over $233 million so far and reported more than $115 million in cash on hand at the end of April.

A spring slowdown is not unprecedented: in 2008, April and May were Mr. Obama’s weakest fund-raising months.


View the original article here