2012 Elections: News, Analysis, Videos, and Breaking on the Presidential Election, Local Elections, and More

2012 Elections: News, Analysis, Videos, and Breaking on the Presidential Election, Local Elections, and More

Complete coverage of the 2012 election

Obama Edges Romney in August Fundraising

The Obama campaign raised more than $114 million in August, to Romney's $111 million

By Thomas Beaumont
|  Monday, Sep 10, 2012  |  Updated 6:10 PM EDT
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Memorable Moments From Democratic Conventions

AP

President Barack Obama speaks at a campaign event at Strawbery Banke Museum in Portsmouth, N.H., on Friday. Obama's campaign raised $114 million in August -- edging out Mitt Romney, who raised $111 million.

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President Barack Obama notched a win in the battle for campaign cash for the first time in four months, raising more money than Mitt Romney in August as the candidates gear up for the final stretch of their closely-contested campaign.

With Election Day less than two months away, Obama is also picking up a lead of a few percentage points over Romney in several daily tracking polls, but the race remains a very tight one that most voters say depends on which candidate they feel is best prepared to revive the struggling U.S. economy. Obama appeared to have benefited from last week's Democratic National Convention and speeches by his wife, first lady Michelle Obama, and former President Bill Clinton, but post-convention bumps in poll numbers tend to be fleeting.

Obama raised more than $114 million in August, while Romney brought in just over $111 million, according to numbers released early Monday by the rival campaigns. It's a sharp increase for the president, who raised $75 million in July.

While incumbent presidents normally raise more money than their challengers, Obama and his supporters have struggled to match the fundraising prowess of Romney and his allies. Despite Obama's fundraising advantage in August, Romney has collected more than $100 million for the third straight month, and the figure represents his best one-month fundraising total. And the Republican nominee has socked away more money for the general election campaign.

Romney showed signs of taking a new, more centrist tack toward health care and defense spending as he headed into the next leg of his campaign with a Monday rally in Ohio, a pivotal battleground state in the state-by-state battle for the presidency. Obama, who spent the weekend campaigning in Florida, is scheduled to be at the White House.

After weeks of pushing conservative Republican themes leading up to the party convention in Tampa, Florida, Romney's less partisan tone comes as the race shifts toward the Nov. 6 election, which is expected to be decided in fewer than 10 states where neither Romney nor Obama has a significant advantage.

Romney's views on health care are starkly different than Obama's. They include major changes to the federal Medicare insurance program for Americans over age 65. Adopting the position of his conservative running mate Rep. Paul Ryan, Romney has called for giving retirees a government payment that they could use to spend on traditional Medicare or a private insurance plan.

Romney said in an interview that aired Sunday on NBC's "Meet the Press" that he would keep in place elements of Obama's landmark federal health-care law signed in 2010.

Campaign aides said Romney's endorsement of parts of Obama's Affordable Care Act was consistent with his previous position that those who haven't had a gap in coverage shouldn't be denied coverage.

The comments brought renewed attention to the similarities between the bill Obama signed and the one Romney championed when he was governor of Massachusetts.

Romney aides dismissed the idea that the candidate's comments about the defense cuts or health care were an effort to appear less partisan with the race for undecided voters now under way.

Romney, a former private equity investor who has been depicted by Democrats as an out-of-touch elitist, also said he would offset his proposed tax cuts by closing loopholes for high income taxpayers, countering claims that his proposed tax cuts would disproportionately benefit the wealthy.

"We're not going to have high-income people pay less of the tax burden than they pay today. That's not what's going to happen," he said.

When pressed, however, Romney declined to provide an example of a loophole he would close.

Early Monday, the Obama campaign released a new web video accusing Romney and Ryan of being evasive in their televised appearances Sunday as to which loopholes and deductions they might close. The pair "refused to name even one tax loophole or deduction" that Romney would close to pay for "his $5 trillion in new tax cuts favoring the wealthiest Americans" for fear of political repercussions, the campaign said.

Romney also faulted congressional Republicans for going along with the White House on a budget deal that has set up automatic spending cuts that include huge reductions in defense spending — a deal his running mate helped steer.

Obama on Sunday focused Floridians' attention on the Republican ticket's stand on Medicare, an issue that's been more favorable to Democrats.

At a rally in Melbourne, Florida, Obama told about 3,000 voters that Romney wants insurers to profit at the expense of working Americans.

"No American should have to spend their golden years at the mercy of insurance companies," he said.

After Ohio, Romney is heading to Nevada and Florida later this week. The Romney campaign is airing television advertisements for the first time in Wisconsin this week, hoping to force Obama to play defense in a state Democrats have carried in every election since 1988.

Congress, meanwhile, returns from recess Monday, and faces the task of preventing a government shutdown when the budget year ends Sept. 30 amid election-season politicking. Congress is expected to pass a six-month temporary spending bill to finance the government's day-to-day operations, kicking bigger fiscal battles down the road.

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