Romney campaign raised $85.9M in final weeks

The final days of Mitt Romney's campaign were a prosperous ones for the Republican presidential candidate, even if the funds raised didn't translate to success at the polls.

Romney raised $85.9 million in the period from October 18 to November 26, the campaign announced Thursday. Almost 90 percent of the nearly 600,000 donations came from small donors giving less than $250.

“Romney Victory continued its strong fundraising through the final weeks of the campaign," said Romney Finance Chairman Spencer Zwick in a statement. "Every dollar we raised was put to use in the effort to elect Mitt Romney. I want to thank all of our donors for their support and in making the Romney fundraising effort the most successful in Republican Party history."

The Romney campaign, which ended up with $24.4 million in cash on hand, warned that it still had outstanding bills to settle from the election effort.

President Obama and the Democratic National Committee, meanwhile, said they raised $47 million in the last weeks of the election. According to a filing with the Federal Election Commission, they spent $58 million during that same period and concluded the campaign with $8.7 million left in the bank.

But, The Washington Post reported that the Democratic National Committee concluded the campaign with more than $20 million in debt and $9.7 million cash-on-hand. The Republican National Committee, by contrast, had no debt and $25 million cash-on-hand.

Democrats encouraged by last month's election results probably aren't too worried about their overall spending, but RNC spokesman Sean Spicer did take to Twitter to crow about the GOP's superior cash-flow position heading into 2013.

2012 RNC and Victory raised $214 million more than 2008 effort, exceed DNC by over $110 million, RNC debt = $0, DNC Debt = $20 million

— Sean Spicer (@seanspicer) December 6, 2012

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