Mitt Romney and the Republican National Committee easily outraised the formidable Obama money machine for the second month in a row. A nonstop schedule of high-dollar events around the country brought in $106 million during June to Mr. Obama’s $71 million, giving him and his party four times the cash on hand that it had just three months ago.
Mr. Obama’s fund-raising deficit in part reflects how steeply the terrain has shifted since 2008, when many Republican donors embraced the candidate and his campaign raised millions of dollars from Wall Street and other traditionally right-leaning industries. Now those donors are swinging hard back to the Republican Party — and to Mr. Romney, whose promise to curtail regulation and cut taxes has helped draw a torrent of five-figure checks.
In a worrisome development for the Obama campaign, Mr. Romney, who until now has been heavily dependent on donors giving the maximum federal contribution, also showed success in June drawing small donors, a traditional strength of the Obama campaign....
“This month’s fund-raising is a statement from voters that they want a change of direction in Washington,” Spencer Zwick, Mr. Romney’s finance chief, said in a statement.