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Romney tops Obama in fundraising, not spending

WASHINGTON (MCT) — President Barack Obama’s sharp turn to the offensive against GOP challenger Mitt Romney last month came at a steep cost: nearly $58 million.

That’s how much the president’s re-election campaign burned through in June as it pounded Romney’s business record and personal finances; its relentless television campaign alone cost $38 million, according to campaign finance reports filed Friday with the Federal Election Commission.

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