09/24/2012 12:04 am ET

Republicans Have More Money, But Obama Has More Control Over His Funds

Not every political dollar carries the same value, and by one measure the Republicans’ financial edge in the presidential race is less formidable than it appears.

Entering September, Mitt Romney, the Republican National Committee and two sympathetic super-political action committees had $165 million in cash -- and the former Massachusetts governor had direct control over less than a third of it, or $50 million.

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