US presidential candidates near US$1 bil. mark in fundraising

The tight 2012 presidential race has become the costliest in U.S. history thanks to massive spending on advertising and get-out-the-vote efforts by the campaigns and by outside groups that have no fundraising limits.

After several months of lagging Obama in fundraising, Romney, the Republican National Committee and allied state parties overtook their Democratic rivals in October with US$111.8 million raised from Oct. 1 to 17, his campaign said, a period that included two of the three televised presidential debates.

Obama's campaign raised US$90.5 million for itself and Democratic Party allies during that period, becoming the first in history to raise a total of more than US$1 billion for an election effort together with his party.

Romney and the RNC were close behind, taking in a total of US$919.4 million throughout the 2012 campaign so far.

Obama's campaign hedged on the US$1 billion figure, saying the total was still short of that mark — at about US$988 million — based on a tally of the cash raised since April 4, 2011, when Obama's team and the party officially became one campaign.

Reuters totals are based on a more commonly used calculation method that includes campaign funds starting on April 1, 2011, and party efforts dating back to Jan. 1, 2011.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	Romney holds narrow lead with less than two weeks to go: poll

NEXT ARTICLE
Human ancestor walked like a man but climbed like an ape

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit