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Romney's $40M April haul suggests GOP rallying behind him, threatens Obama's cash advantage
WASHINGTON (AP) ' Mitt Romney and his party raised $40 million in April.
The strong haul in the first month of the general campaign suggests Republicans are rallying behind Romney. The showing also threatens President Barack Obama's cash advantage in his push for a second term.
In just one month, Obama's 10-to-1 cash edge has shrunk to 2-to-1.
That's in part because Romney has spent most of his time courting donors since becoming the presumptive GOP nominee. He's also getting help from pro-Romney outside groups, which are spending millions on TV ads attacking Obama.
Romney raised nearly as much as the $43.6 million Obama raised for himself and his party.
Overall, Romney's side reported has $61.4 million in the bank. Obama's side had $124 million on hand at the end of March.