Obama Outspends Romney in June

Last month, the president spent twice as much as his opponent on the trail—but the Republican challenger far outraised him. In June, Obama and the DNC spent $70.8 million, much of it on anti-Bain ads, while Romney and the RNC spent $38.8 million, more than double their previous month’s expenditures. But the Republicans have improved their fundraising numbers among small-scale donors, which now make up a third of their cash flow. And the big money keeps rolling in, including a $10 million donation from Sheldon Adelson to the pro-Romney super PAC Restore Our Future.