Obama, Allies Outspent GOP Rivals in August

President Barack Obama and the Democratic National Committee spent more than $122 million on his re-election campaign in August—about $10 million more than Mitt Romney and the Republican National Committee —according to detailed fundraising reports.

The President will enter the fall campaign with $45 million less in the bank than his Republican rival, the reports also show. Obama's campaign spent some $50 million on ads last month, with heavy investments in Virginia, Ohio and Florida, three battleground states where he continues to lead in the polls. Romney's campaign and the RNC spent $112 million during the month. The campaign alone spent less than $14 million on ads, according an analysis of federal filings. Overall, however, Romney and a group of pro-Republican super PACs have spent more on television than have President Obama and his backers.