Obama squeaks out Aug. fundraising win over Romney

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by Laura Matovina

BOSTON (AP) -- As Democrats and Republicans gear up for the final stretch of their closely contested race for the White House, President Barack Obama squeaked out a fundraising victory over Mitt Romney.

Obama raised more than $114 million in August, while Romney brought in just over $111 million. It's the first time in four months the Democrats have outraised the GOP. And it's a sharp increase for Obama, who raised $75 million in July.

Despite Obama's advantage in August, it's the third straight month Romney has raised more than $100 million, and it represents his best one-month fundraising total. Romney has also socked away more money for the general election campaign.

Romney is holding a campaign rally Monday in Mansfield, Ohio. Obama is scheduled to be at the White House.

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