President Barack Obama and the Democratic National Committee raised $75 million in July for the president's re-election campaign.
The total was well below the $101 million that GOP rival Mitt Romney and the Republican National Committee raised last month. July is the third straight month that Romney and the Republican Party have raised more money than Obama and the Democratic Party.
Obama is also facing an onslaught of fundraising by well-funded, GOP-leaning political action committees.
Obama's campaign says 98% of the $75 million it raised came from people who donated in amounts of $250 or less.
The campaign says the average donation was about $53.
Meanwhile, Mitt Romney and the Republican National Committee say they netted more than $101 million last month.
Romney's presidential campaign says in a statement issued Monday that about 26% of the money raised in July came in donations of less than $250.
The campaign says Romney, the RNC and state GOP parties have nearly $186 million in cash on hand.
Romney's finance chairman, Spencer Zwick, says Republicans are "well on track to raise the money to be successful in November."
President Barack Obama's campaign report raising $75 million in July in conjunction with the Democratic National Committee. It was the third straight month that Romney and the RNC raised more money than Obama and the Democrats.
GOP-aligned "super" PACs also are raising and spending millions of dollars to defeat Obama. (AP)