Candidate Romney raises $14 million in latest quarter

By Reuters
Friday, October 14, 2011 9:27 EDT
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WASHINGTON (Reuters) – Republican presidential hopeful Mitt Romney raised more than $14 million for his presidential campaign in the third quarter ended September 30, his campaign said on Friday.

Expectations had been that Romney and the other candidates in the 2012 election would pull in less cash than in the three months ended in June, when Romney pulled in $18 million.

The third fund-raising quarter is typically weak, largely due to the summer vacation season.

President Barack Obama’s campaign reported raising $70 million in the third quarter, including funds raised for the Democratic National Committee.

Romney is among the leaders in the race for the Republican nomination to oppose Obama’s bid for re-election next year.

(Reporting by Patricia Zengerle and Kim Dixon, editing by Jackie Frank)

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