Former Massachusetts Governor and Republican Presidential candidate Mitt Romney with his wife Ann. Photo: wiki commons.

CBS News – President Barack Obama on Monday said he raised $71 million in June for his re-election campaign, after Republican candidate Mitt Romney reported $106 million during the same period. It was the second consecutive month that Romney collected more cash and underscores the challenge for Obama ahead of November.

The grim news for Obama came as his campaign officials have publicly worried they were on track to lose the money race. Obama’s campaign manager, Jim Messina, in an email to supporters just three days ago, said: “Their gap is getting wider, and if it continues at this pace, it could cost us the election.”

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