Romney super PAC pummeled Obama's in March
Restore Our Future, the political action committee backing the GOP candidate, raised more money than the president's super PAC for the third month in a row.
Mitt Romney enjoyed his best fundraising month in March while his supporting super PAC outraised Barack Obama's super PAC for the third straight month in 2012.
Romney's campaign raised $12.6 million as Restore Our Future -- the Romney-backing super PAC -- added $8.7 million, according to Federal Election Commission reports.
"Mitt Romney's continued strong fundraising shows that voters across the country are tired of the failures from President Obama," said Spencer Zwick, Romney's finance chairman, in a statement. "We will continue the hard work to raise the necessary funds to defeat President Obama and change the direction of the country."
Obama-backing super PAC Priorities USA Action reported to the FEC that it raised $2.5 million in March to bring its 2012 total to $4.6 million.
Though Restore Our Future continued to outraise Priorities USA Action, the Romney PAC spent nearly 40 times more of its funds than the Obama PAC -- $12.7 million against $318,254.
Restore Our Future's spending was largely due to the ongoing primary battle against Rick Santorum that ended two weeks ago when the former Pennsylvania senator dropped out of the race.
Romney raised his primary funds of the past year to $86.8 million, which still lagged the $147.4 million Obama has received in this election cycle.
This means that both pacs will have enough money to make our lives misrable for the rest of the year, having to hear one attack add after another. I guess I will have to just watch old movle channels until this is over. I will probably watch debates but the adds will not have much truth in them and the canidates don't have to stand behind the ones made by pacs.
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
VIDEO ON MSN MONEY
[BRIEFING.COM] The S&P 500 settled lower by 0.8% after early strength turned into afternoon weakness.
Today's headline event came in the form of Ben Bernanke's testimony before the Joint Economic Committee. During his remarks, Chairman Bernanke said premature tightening of monetary policy could stall the pace of recovery. This followed weeks of conflicting remarks from FOMC members, which sparked speculation regarding possible changes to the Fed's policy course.
However, ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|