WASHINGTON (AP) — President Barack Obama holds a cash advantage of more than 2-to-1 over Republican challenger Mitt Romney, but the president's money advantage is beginning to dwindle.
Obama's campaign reported $115 million in the bank through April, and the Democratic National Committee had about $24 million in its account at the end of last month.
Romney began raising money last month with the Republican National Committee and hauled in a combined $40 million, nearly on par with Obama and Democrats.
Romney's side reported $61.4 million in the bank in April.
That means in only a month, Obama's 10-to-1 cash advantage has declined to 2-to-1 as Republicans prepare for the general election. Republicans are expected to be helped by GOP-leaning outside groups planning to raise hundreds of millions of dollars to defeat Obama.
