Fundraising

The Romney super-PAC Restore Our Future also saw their total fall, but managed to raise $4.6 million.

President Obama's $119 million in cash on hand dwarfs Mitt Romney's $61.4 million

It marks the first time this cycle the Romneys have given their own money; donation went to joint Romney-RNC fund

Sens. John McCain (R-Ariz.) and Sheldon Whitehouse (D-R.I.), in an amicus brief filed on Friday, pushed for the Supreme Court to note the impact of its landmark decision in the Citizens United case.

The senators explained that anonymous political spending has exploded in the wake of the January 2010 ruling, which allowed corporations and unions to spend unlimited amounts in elections.

“We are deeply concerned about the rise of unlimited, anonymous money now flooding our elections,” Whitehouse and McCain noted in their brief, which was filed on a Montana court case that may be heard by the court. The Montana case focuses on a state law that stops corporations from funding election ads, which was ruled legal in the Citizens United case.

“This unregulated and unaccountable spending invites corruption into our political process, and undermines our democracy. We urge the Supreme Court to make clear that legislatures can take appropriate actions against corrupting influences in campaigns.”

The “Sex and the City” star will host the fundraiser for Obama in her New York City home. Read more...

The total, Romney's best month to date, nearly matched Obama's $43.6 million raised in the same month.

May is expected to be a strong fundraising month, thanks in part to Obama’s endorsement of gay marriage.

Sen. John McCain is talking about a joint effort to require wealthy outside groups to disclose their donors.

Republicans believe that a still-stagnant economy could be the key to winning back young voters who sided overwhelmingly with President Obama in 2008, and key GOP interests have formed a new super-PAC aimed at reaching the youth of America.

Crossroads Generation, founded jointly by the College Republicans, Young Republican National Federation and Karl Rove's American Crossroads super-PAC — one of the most prolific fundraisers of the current political cycle — is launching this week with some $750,000 in startup capital.

The group hopes targeted ad buys highlighting the economic struggles faced by many young Americans grappling with a underwhelming job market and substantial debt could help recruit new voters to the GOP.

The Federal Election Commission asked Congress to extend a ban prohibiting personal use of campaign funds to all political committees.