Huffpost Politics

Mitt Romney Super PAC Down To Only $6 Million Cash On Hand After Major Spending In August

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WASHINGTON -- After banking more than $20 million through the middle of the summer to beat President Barack Obama, Restore Our Future, the super PAC supporting Republican presidential nominee Mitt Romney, ended August with only $6 million cash on hand, according to a report filed Thursday with the Federal Election Commission.

The powerhouse super PAC, run by former Romney aides and instrumental in helping him secure the Republican nomination, raised only $7 million in August, while spending $21.1 million. The heavy spending seems to have had little effect, as most polls have shown a surge for Obama at the national and state-by-state level since the early September Democratic National Convention.

The $7 million raised came from a nearly even split of corporations, which gave $3.34 million, and individuals, who donated $3.66 million. The figure could be worrisome, as the super PAC held a number of high-profile fundraising events in late August during the Republican National Convention in Tampa, Fla., and managed to raise less than it did in either June or July.

Restore Our Future has reportedly been out-raised by the pro-Obama super PAC Priorities USA Action. The New York Times reported that Priorities, which struggled early on to raise money, took in $10 million in August. (Its report, due in today, has yet to be filed.)

Restore Our Future spent most of its money on advertising in big swing states. According to data collected by the Federal Communications Commission, the group focused a lot of money in Florida, a key swing state. The group spent $3.33 million on advertising in the state's top five media markets, which include Jacksonville, Miami, Orlando, Tampa and West Palm Beach.

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  Obama Romney
Obama Romney
332 206
Obama leading
Obama won
Romney leading
Romney won
Popular Vote
33 out of 100 seats are up for election. 51 are needed for a majority.
Democrat leading
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Holdover
Republican leading
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Democrats* Republicans
Current Senate 53 47
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New Total 55 45
* Includes two independent senators expected to caucus with the Democrats: Angus King (Maine) and Sen. Bernie Sanders (Vt.).
All 435 seats are up for election. 218 are needed for a majority.
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Democrats Republicans
Seats won 201 234
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