Romney surpasses Obama fundraising for third consecutive month

  • Mitt Romney and his Republican party raised $101 million in July, surpassing President Barack Obama's fundraising total for the third successive month.

    Obama and the Democrats raised $75 million.

    Opinion polls suggest the presidential candidates are embroiled in a tight race, with Obama leading by a slight margin.

    With exactly three months to go until the November polls, Obama could become the first sitting president to be outspent in the final leg of the campaign.