Romney has biggest fundraising month of race

PHOENIX, Arizona - The Romney campaign today announced that it hauled in nearly $12.6 million in the month of March - the largest amount they have raised since the former Massachusetts Governor entered the presidential race.

The Obama campaign announced earlier in the week that it raised a combined $53 million for both his campaign and the Democratic National Committee in March. The team did not release a separate total showing how much of that amount was raised specifically for the president's campaign itself.

Romney has so far only raised money for the Republican primary. It was recently reported that the Romney campaign will begin working with the Republican National Committee with a goal of raising $800 million to use against the president in the general election.

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Romney ended the month of March with no debt and nearly $10.1 million cash on hand. The campaign did not announce how much it had spent in the month, though it is expected that its expenditures have continued to decrease from the $18.7 million and $12.3 million spent in January and February respectively, when he was battling both Newt Gingrich and Rick Santorum for the Republican party's nomination. Romney began to pull away from his competitors in the month of March and is now the party's presumed nominee.

Although the campaign did not release the amount or percentage of small dollar donations - those under $250 - that were received in March, their press release says the campaign has raised a total of $11.6 million in donations under $250 through the end of the month. This makes up about 13 percent of the $87 million they have amassed in primary funds in the past twelve months.

The campaign also announced that 89 percent of all donors are still eligible to donate again to Romney's primary campaign and that they received contributions from all 50 states and Washington, D.C.