President Obama’s re-election campaign and affiliated Democratic groups raised more than $60 million in May, a steep jump from the previous month.
May’s increase gives Obama a boost as Mitt Romney closes the contributions gap.
It is also a bit of good news for Democratic supporters after the Republican victory in the Wisconsin governor recall election this week that was widely seen as a sign of how Republican fundraising could cause problems for the president in the November election.
Credit: President Obama waves as he runs to greet supporters after arriving at San Francisco International Airport in California aboard Air Force One, June 6, 2012. REUTERS/Larry Downing
The pro-Romney super PAC Restore Our Future raised $3.9 million in April — less than half of its haul in March — but still far ahead of its Democratic counterpart, Alina Selyukh and Alexander Cohen report.
Restore Our Future had $8.2 million in cash on hand at the end of the latest reporting period, filings with the Federal Election Commission showed on Sunday.
The pro-Obama group, Priorities USA Action, raised $1.6 million last month and had $4.7 million cash on hand - most of which has since been spent on an ad blitz against Romney’s private equity past, disclosure forms showed.
Super PACs can take unlimited funds, campaigns can accept $2,500 once during the primary battle and again during the general election, and joint funds can accept up to $70,800 in addition to those campaign contributions.