President Barack Obama starts the fall campaign with an $88 million warchest and a healthy fundraising cushion against Republican Mitt Romney
President Barack Obama enters the stretch run of the campaign with a large cash advantage over Republican rival Mitt Romney.
The president's campaign reported to the Federal Election Commission on Thursday he had about $88 million available to spend in the final weeks after spending $83 million of his warchest in August.
Romney started the final strech with $50.4 million.
Obama and the Democratic National Committee raised about $114 million in August. That gave Obama a narrow edge over Romney and Republicans after having trailed the GOP in fundraising for three straight months.
The combined cash on hand for Obama and the DNC is slightly more than $125 million, according to The Associated Press.
