Obama Raises More Than Romney Dependent on Super-PAC Edge

President Barack Obama, buoyed by small-dollar donors and high-tech industry employees, raised more money last month than Republican challenger Mitt Romney, who was boosted by Wall Street contributors.

Obama’s campaign entered the general election race with $88.8 million in cash, compared to $50.4 million for Romney coming out of the Republican National Convention. The president raised $84.8 million in August, while Romney raised $66.6 million and borrowed an additional $20 million secured by general-election campaign donations -- most already in the bank -- to pay expenditures until he officially became his party’s nominee at the convention.