Monday, April 23, 2018

Obama's money lead shrinks

WASHINGTON — President Barack Obama holds a cash advantage of more than 2-to-1 over Republican challenger Mitt Romney but the president's money advantage is beginning to dwindle.

Obama's campaign reported $115.1 million in the bank through April and the Democratic National Committee had about $24.2 million in its account at the end of last month.

Romney began raising money last month with the Republican National Committee and hauled in a combined $40 million, nearly on parity with Obama and Democrats, who raised about $43 million.

Romney and Republicans reported $61.4 million in the bank in April, meaning that in only a month, Obama's cash advantage has fallen to about 2-to-1 as Republicans prepare for the general election.

Republicans are expected to be helped by GOP-leaning outside groups planning to raise hundreds of millions of dollars to defeat Obama.

Obama is spending about $25 million on TV ads in May, an amount that was quickly matched by the GOP-leaning super PAC Crossroads GPS, which is advertising against Obama in 10 states.

A Democratic super PAC called Priorities USA Action is spending about $4 million on ads in five states attacking Romney's business background.

Comments

Greece: police disperse migrant protest on Lesbos island

Greek police have evacuated refugees and other migrants who had held a protest vigil at Mytilene, the largest city on the island of Lesbos, and relocated them to an overcrowded migrant detention center following attacks by anti-migrant extremists
Updated: 1 hour ago

Police: Man shot 5, including officer, during 'crime spree'

The New Orleans police chief says a man shot and injured five people, including an officer
Updated: 1 hour ago

HRW: 'Men only' job ads show ongoing discrimination in China

A human rights group says gender discrimination is widespread in the Chinese work force, with many hiring advertisements openly calling only for male applicants
Updated: 1 hour ago
Malaysia releases images of suspects in Palestinian killing

Malaysia releases images of suspects in Palestinian killing

Malaysian police have released photo-fits of two foreign suspects who gunned down a Palestinian engineer and stepping up efforts to track them
Updated: 1 hour ago

Korean Air heiresses to resign as smuggle probe widens

Korean Air Lines says daughters of chairman to resign over smuggling probe, scandals
Updated: 1 hour ago
Draft Diary: A'ja Wilson talks going to Las Vegas

Draft Diary: A'ja Wilson talks going to Las Vegas

South Carolina star A'ja Wilson is chronicling her path from the end of her college career to the start of her WNBA career, including getting drafted.
Updated: 1 hour ago
Draft Diary: A'ja Wilson talks going to Las Vegas

Draft Diary: A'ja Wilson talks going to Las Vegas

South Carolina star A'ja Wilson is chronicling her path from the end of her college career to the start of her WNBA career, including getting drafted.
Updated: 1 hour ago

Report: Iran officially bans use of cryptocurrencies

Report: Iran bans use of cryptocurrencies in financial transactions to prevent 'money laundering and terrorism'
Updated: 1 hour ago
Waffle House suspect still being sought; residents on alert

Waffle House suspect still being sought; residents on alert

Police warn residents of a Nashville neighborhood to watch out for suspect in Waffle House restaurant shooting that killed four people
Updated: 1 hour ago
New lynching memorial offers chance to remember, heal

New lynching memorial offers chance to remember, heal

A new memorial is opening to honor thousands of people killed in racist lynchings
Updated: 2 hours ago