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The events were expected to bring in at least $2.5 million for Obama’s campaign.

Romney, who is closing in on his vice presidential pick, spent Monday at his vacation home in New Hampshire, but he, too, has a series of fundraising appearances this week.

Obama aides say their campaign is bringing in enough money to stay competitive in television advertising. The campaign has already purchased most of its air time in battleground states through Election Day using money it raised earlier in the cycle.

The campaign also has poured tens of millions of dollars into setting up field offices in battleground states, launching registration drives and compiling data on voters _ all expensive efforts that could pay dividends for Obama in November. The Romney campaign is still setting up those efforts in some states and will probably have to devote a significant amount of its incoming cash to doing so.

Three months from Election Day, Democrats say Romney’s fundraising gains have not forced the Obama campaign to re-evaluate its fall strategy, cut back on staffing or shift resources _ signs that would show a campaign in financial trouble.

Les Coney, a top Obama donor in Chicago, said he had heard “zero concern” among the president’s finance committee members that the fundraising disparity could hurt Obama’s ability to run an effective campaign. “But obviously we’re out there hustling, trying to raise money,” he said. “You’re always looking for new people to support the campaign.”

Indeed, Romney’s financial advantage means Obama must find time in his schedule to keep personally wooing donors, even as the campaign enters a phase where he will be headlining more big rallies and other public campaign events.

Going strong so far, Republicans say they’re optimistic that the Romney campaign can keep up its fundraising prowess through the fall, and they point to the campaign’s improved use of online efforts to target independent voters, evangelicals and military voters.

“We are getting an outpouring of support from, not just Republicans, but independents, Democrats and even former Obama supporters,” said Woody Johnson, a major Romney donor and the owner of the New York Jets. “People realize just how important this election is to get our economy going again.”

Democrats say it’s not Romney’s campaign fundraising that worries them _ it’s the influx of money from the GOP-leaning super PACs.

Two of the largest Republican Super PACS, Restore Our Future and Americans Crossroads, have raised about $122 million since the beginning of last year. Democratic-leaning groups Priorities USA Action and American Bridge 21st Century have raised about $30 million in the same time period.

Priorities is turning to President Bill Clinton _ a prolific fundraiser _ to help boost its totals. The former president will host an event in New York next week.

Obama, after spending two days campaigning in Colorado, will hold three fundraising events in his hometown of Chicago on Sunday, including one at his family’s South Side home. The fundraising will be followed by three days of campaigning in Iowa.

In order to compensate for the president’s divided time, the campaign is turning to a number of surrogates, including Michelle Obama, to raise money. The first lady is holding events in Jackson, Wyo., on Saturday and a family-oriented fundraiser with members of the band No Doubt at the Beverly Hills, Calif., home of lead singer Gwen Stefani.

Romney is also dividing much of his time between events with voters and fundraising. He has both fundraisers and public events in Illinois, Iowa and New York this week, then launches a four-state bus trip on Saturday through Virginia, North Carolina, Florida and Ohio.

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