WASHINGTON -- President Barack Obama pumped three times more money into media ads than Republican challenger Mitt Romney last month as both candidates dramatically stepped up their spending, racing through as much money as they brought in. August marked Romney's fastest rate of spending yet in the general election: His campaign burnt through all $66 million it raised, double what it spent in July, according to documents it filed Thursday with the Federal Election Commission. But Obama matched that in media ads alone last month, spending $66.3 million, more than three times the $18.4 million Romney put into television and radio commercials. The spending reports underscore the divergent...
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