Obama Builds March’s Largest Campaign War Chest

Romney’s super PAC, however, is expected to beat Obama’s super PAC.

Posted: 04/20/2012 07:31 PM EDT
Mitt Romney 2012, 2012 Presidential Election, Barack Obama, Barack Obama 2012, President Barack Obama, The Road to the White House

It’s that time of the month again when President Obama and the men who hope to replace him in November must disclose their monthly campaign fundraising numbers, how much cash has been spent, any debts they’ve racked up and whether their campaigns are in the red or the black.

Obama once again built the biggest war chest, raising $53 million in combined donations to his campaign and the Democratic National Committee in March. Mitt Romney’s campaign raised about $13 million, making March his best month since the start of his campaign. He’s also been raising money jointly with the Republican National Committee, which raised about $14 million last month.

Now viewed as the GOP’s presumptive nominee, after winning Super Tuesday and Rick Santorum’s exit from the race, the former Massachusetts governor is bound to see a big boost in donations. Still, he’s got some catching up to do.

Obama for America currently has $104 million cash on hand — close to 10 times more than Romney — and much of the $15.5 million it spent last month went to building the campaign’s ground operations around the nation and outreach to key demographic groups.

RNC Chairman Reince Priebus isn’t worried. In a statement issued on Friday, he said that voters across the nation “are eager to fire President Obama and send a Republican to the White House, and they are expressing that through their support of the RNC.”

That Republican won’t be Texas Rep. Ron Paul, whose Federal Election Commission filing showed that he brought in just $2.6 million in total receipts. With Friday’s midnight deadline looming, Newt Gingrich had not yet filed his report, but is expected to disclose a campaign that is in major debt. Santorum’s campaign is also expected to report debt.

The pro-Romney super PAC Restore Our Future raised $8.7 million in March, which Obama’s super PAC Priorities USA Action is not expected to match by a long shot.

 

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