Romney, RNC raise more than $101M in July

[August 06, 2012]  WASHINGTON (AP) -- Mitt Romney and the Republican National Committee say their political money-raising machine netted more than $101 million last month.

Romney's presidential campaign says in a statement issued Monday that about 26 percent of the money raised in July came in donations of less than $250 dollars.

The campaign says that Romney, the RNC and state GOP parties have nearly $186 million in cash on hand.

Romney's finance chairman, Spencer Zwick, says the Republicans are "well on track to raise the money to be successful in November."

President Barack Obama's fundraising totals for July were not yet available, but Romney brought in more cash than Obama during both May and June.

GOP-aligned "super" PACs also are raising and spending millions of dollars to defeat Obama.

[Associated Press]

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