RNC surpasses DNC in October fundraising (AP)

WASHINGTON – The Republican National Committee raised $8.5 million in October as it gears up for a challenge to President Barack Obama next year.

The RNC raised slightly more during the month than the Democratic National Committee, which collected $7.9 million. The RNC ended October with $13.5 million in the bank, while the DNC's cash on hand fell to $11.1 million.

RNC officials said the party's debt was $13.9 million. That's down from $24 million when RNC Chairman Reince Priebus (ryns PREE'-bus) took over the committee. The DNC had debts of $9 million.

The DNC fundraising included $2 million for the Obama Victory Fund, a joint fundraising account by the DNC and Obama's e-election campaign.

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RNC surpasses DNC in August fundraising (AP)

WASHINGTON – The Republican National Committee raised about $8.2 million in August, far outpacing its Democratic rival in a typically slow fundraising month.

The Democratic National Committee reported that it raised $5.4 million last month, including $1.4 million for the Obama Victory Fund, a joint fundraising account by the DNC and Obama's campaign.

The DNC finished the month with $16.6 million in cash and $11.1 million in debt.

The RNC ended August with $9.3 million in cash and $15.9 million in debt. Republicans said it was the largest amount of money the RNC has raised during the month of August in a non-election year.

August is usually a difficult month for fundraising because many donors are on vacation and events are limited.

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