Obama has $88 million to spend in final weeks

Associated Press

Updated: Sep 20, 2012 9:27 PM

WASHINGTON (AP) — President Barack Obama has about $88 million available to spend for the presidential campaign's final stretch, giving him a sizable cash-on-hand advantage over Republican rival Mitt Romney.

Obama filed monthly finance documents Thursday with the Federal Election Commission. The documents show his campaign spent more than $83 million last month as he battled for an advantage in the tightly contested race.

Romney has $50.4 million available to him at this point in the campaign.

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.

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