By Catalina Camia, USA TODAY
Mitt Romney and the Republican National Committee raised a combined $76.8 million last month, outpacing President Obama and his Democratic allies.
The presumptive GOP presidential nominee and the RNC said they have $107 million cash on hand.
Earlier today, Obama's campaign announced it raised $60 million jointly with the Democratic National Committee. They did not report how much they have in the bank.
The 2012 presidential election is headed toward setting new campaign finance records, given the amount of money being raised and spent by the candidates, party committees and super PACs.
Obama, Romney and their allies are already waging an expensive ad war in the dozen or so battleground states where the election will be decided. The money being raised now will continue to fuel the ad barrage, as well as pay for the ground troops needed to get voters to the polls in the fall.
"It is clear that people aren't willing to buy into 'hope & change' again," Spencer Zwick, Romney's national finance chairman, said in a statement. "Voters are making an investment because they believe that it will benefit the country."
Ben LaBolt, a spokesman for Obama's campaign, tweeted that the Republican fundraising figures represent the first full month that Romney and the RNC began raising money together. "All their primary donors wrote their maxout checks," La Bolt said in his tweet.
Romney and the RNC said 93% of all the donations received last month came in chunks of $250 or less.
Romney and the RNC jointly began raising cash toward an $800 million goal in April, when it became clear the former Massachusetts governor would become his party's standard bearer. Their combined resources are split between the Romney campaign, the national party and various state committees. Obama and his Democratic allies do the same thing.
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