A nasty primary battle between Romney and his Republican challengers for the party's nomination took a financial toll on his presidential campaign, which raised $12.6 million in March and left Romney with about $10 million in the bank by month's end.
Obama and the Democratic Party raised a combined $53 million in donations during that period, while Romney with his party pulled in about half of that.
Obama has stuffed more than $104 million into his campaign war chest, but he is facing the prospect of being swamped by outside Republican groups in fundraising.
That's why he decided to reverse course and give his blessing to super Political Action Committees, which can to raise and spend unlimited sums to support political campaigns.
