Updated 9:51 am ET
Mitt Romney raised $101.3 million in July, his campaign announced today, beating President Obama again in the money race despite the president’s relentless efforts to generate cash.
Obama raised $75 million in July, his campaign Tweeted this morning.
It’s the second month in a row Romney has far outpaced the president. In June, Romney raised $106 million, compared to $71 million taken in by Obama.
The money, which goes not only to campaign but to the Republican National Committee and state-based GOP efforts, brings Romney’s total cash on hand to $185.9 million. Much of the money to be spent by the RNC will be used for Romney’s benefit.
Obama is believed to have somewhat lower cash reserves.
According to the Romney campaign, 94 percent of donations received in July were for $250 or less, resulting in $25.7 million of the July gross. According to the Obama campaign, 98 percent of its donations were in the same category.
The huge cash pile accumulated by Romney helps explain the mad dash for funds by President Obama, who has been traveling the country nonstop seeking donations.