With the divisive and drawn-out Republican primary season moving toward a
close, the committee reported more money in the bank at the start of
last month than the Democratic National Committee, which raised about
$137 million during the same period but also spent far more.
Party officials said the Republican committee would report more than $30
million in cash on hand in filings due with the Federal Election
Commission this month, including a $22 million “presidential trust” that
would be available to Mr. Romney should he become the party’s nominee.
The committee’s unexpected turnaround is a case study in how Republicans
are chipping away at Mr. Obama’s advantage in traditional fund-raising —
and of the rapid evolution of old-fashioned party institutions in the
post-Citizens United landscape of “super PACs” and the unlimited money they can raise and spend.
One role that the committee has filled in the past when the party was
out of power — pounding the president with early television advertising —
has been taken up by outside groups like American Crossroads, founded
by Karl Rove. That has allowed the committee and its chairman, Reince Priebus, to focus on rebuilding the party’s network of large donors. (Continues)
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