David Jackson, USA TODAY
October 8. 2012 - President Obama is edging closer and closer to U.S. history's first billion dollar campaign.
"All told, Obama's campaign and the committees it controls have raised $923 million," reports National Journal.
"If they raise just half as much in October as they did in September," it added, "Obama's campaign will indeed become the first billion-dollar campaign in history."
As it stands now, it doesn't look like the Republicans will hit the 10-figure mark.
The money is used not only for television and radio ads, but field offices and other get-out-the-vote efforts.
National Journal's Reid Wilson notes that Democratic fundraising belies previous statements by Obama and other campaign officials that news stories about a billion dollar campaign were exaggerated.
In a piece entitled "The Obama Who Cried Wolf," Wilson cites an e-mail Obama sent out in August telling supporters, "I will be outspent this election."
Don't bet on it.