Romney and Obama Raised an Absurd Amount of Money in 2012

DES MOINES, IA - AUGUST 08: Republican presidential candidate and former Massachusetts Gov. Mitt Romney speaks during a campaign event at Central Campus High School on August 8, 2012 in Des Moines, Iowa. Mitt Romney is campaigning in Iowa before traveling to New Jersey and New York for fundraising events. (Photo by Justin Sullivan/Getty Images) Photo: Justin Sullivan/2012 Getty Images

Campaign finance disclosures for the period between October 18 and November 26 were released on Thursday, and with all the donations tallied, President Obama raised $1.1 billion for his reelection while Mitt Romney's total was $1.01 billion. And they weren't even able to spend it all. Though both campaigns spent more than $100 million in the final days of the campaign, Obama had $14 million on hand at the end of the election and Romney had $24.4 million. The Romney campaign said it's still processing invoices for "pre-election expenses" and expects to have less than $1 million at the end of the year, so Republicans shouldn't start getting any ideas.