"President Obama's reelection team admitted Monday they got "handily" beat by Mitt Romney in June fundraising — the second straight month the presumptive GOP nominee has outraised the president.
Romney and the Republican National Committee raised $106.1 million for June, while Obama and Democratic National Committee pulled in $71 million.
The $35 million gap between the two intensified concerns within the Obama campaign that they could continue to be outraised all the way until November.
In an email to donors on Monday, Obama campaign manager Jim Messina said he had "some good news and some bad news" to share.
"Good news first: June was our best fundraising month yet," Messina wrote. "We exceeded expectations — more than 706,000 people like you stepped up and pitched in for a grand total of $71 million raised for this campaign and the Democratic Party. Bravo. That's seriously impressive.
"Bad news? We still got beat. Handily," he added.
The Obama campaign has pushed the narrative that it could be outgunned financially in its efforts to rally donors."