Monday, May 21, 2012

No reported fundraisers for President Obama during this past weekend of G-8 and NATO summits.

With both candidates set, Romney and Obama now close in the money race - Andrew Malcom/IBD

In April, with his party's nomination tied up, Romney and the Republican National Committee could focus on money-raising for the general election. They increased his money haul to $40.1 million, suddenly not far behind the $43.6 million that Obama and the Democratic National Committee raised. The incumbent's total fell about $10 million from the previous month.

...the decline appeared to confirm rumors and anecdotal evidence that Obama's large-sum donors were less enthusiastic this time around and holding back the checks or reducing their size. One California Democrat said bundlers, who simply stacked the free-flowing checks in 2008, were now having to convince many to give.