Mitt Romney's presidential campaign and the Republican National Committee raised a combined $76.8 million in May, outdistancing President Obama and the Democratic National Committee by a wide margin.

The RNC announced on Twitter: "The RNC and @MittRomney raised $76.8M in May." In a press release, the Romney campaign said it has $107 million on hand.

Only a few hours earlier, the Obama camp said it had taken in over $60 million last month but did not announce how much it has in the bank.



Read more: Fox Nation