Romney, GOP Raise More than $100 Million in July

By Jon E. Dougherty at 6 Aug 2012

(Newsroom America) -- Republican presidential contender Mitt Romney and the GOP together raised $101.3 million in July in the second straight month of massive fundraising as the former Massachusetts governor and his party work to unseat President Barack Obama and the Democrats in November.

In addition, reports said the Romney campaign planned to announce that it, along the RNC and state party officials, have $185.9 million in cash on hand.

In June, Romney brought in $106 million, or $35 million more than Obama. So far, his fundraising juggernaut has erased any advantage Obama would typically enjoy as an incumbent candidate.

In fact, Democrats - in pleas to supporters - have warned they are in danger of being outspent by Republicans in the upcoming fall elections.

Spencer Zwick, Romney's finance chief, said donations have come in from a diverse group of supporters that include Republicans, Independents and Democrats.

"We are well on track to raise the money to be successful in November," he said, according to Reuters.

Big donors have contributed mightily to Romney's campaign, but officials have said the vast majority of donations - 94 percent - have come from those contributing $250 or less.

Romney is set to be formally nominated by his party at its convention that begins Aug. 27 in Tampa, Fla.

The former Massachusetts governor is virtually tied with Obama in most national polls and has been for weeks.

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