Obama edges out Romney in fundraising

President Barack Obama squeaked out a fundraising victory over Mitt Romney in August as the candidates gear up for the final stretch of their campaign.

Obama raised more than $114m (€89m) in August, while Romney brought in just over $111m.

It’s the first time in four months the Democrats have outraised the Republicans. It’s also a sharp increase for the president, who raised $75m in July.