Mitt Romney’s Fundraising Outpaces President Obama’s in May

Mitt Romney’s campaign fundraising significantly outpaced President Obama’s effort for the first time last month, increasing the likelihood that the Republican presidential candidate and his allies will far outspend their Democratic opponents by November.

Romney and the Republican National Committee said Thursday that they raised a combined $76.8 million in May, which is nearly as much as the presumed nominee brought in during the GOP primary season. Obama and the Democratic National Committee amassed $60 million in what was their best month so far, campaign officials said.