October 25th, 2012
08:18 PM ET

Obama, Romney go on spending spree and CNN follows the money

The Romney campaign announced Thursday a massive fund-raising haul of nearly $112 million in the first half of October. Every dollar a campaign raises is important, especially as we start closing out the most expensive presidential campaign in American history.

How much money are Mitt Romney and President Barack Obama spending and where is the money being spent?

OutFront tonight: CNN Contributor John Avlon has been monitoring the spending and has been travelling with the CNN Election Express in crucial battleground swing states. 

Romney campaign reports massive fund-raising haul

Mitt Romney's team raised nearly $112 million in the first half of October, his spokeswoman Andrea Saul posted Thursday on Twitter.

Romney's monthly cash hauls come from his campaign, the Republican National Committee and fund-raising efforts by state and local parties.

In a separate release, the campaign said nearly 92% of donations received between October 1 and October 17 were $250 or less. And with less than two weeks before Election Day, Romney's team reports having $169 million cash on hand.

The GOP nominee saw a boost in poll numbers this month after a series of strong debate performances. Following the first presidential debate on October 3, his campaign announced they raised $12 million in 48 hours.

The latest numbers do not include fund-raising that occurred around the final presidential debate, which took place Monday, October 22.

A major super PAC supporting Romney's candidacy had a strong night, too, the group's founder said the day after the debate.

"I think that today will probably be the best fund-raising day we've had, if not one of the top two fund-raising days we've ever had," Charlie Spies of Restore our Future said on CNN's Erin Burnett "OutFront."


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