Mitt Romney raised $40.1 million in April, just a little bit shy of the $43.6 million raised the same month by President Obama, the New York Times reports.
Romney's take is a huge $12.6 million step up from his March fundraising total, while Obama's represents a nearly $10 million decline.
Romney could easily have eclipsed Obama in April except for a technicality. Romney's emergence as the presumptive GOP candidate in April made him able to raise money jointly with the Republican National Committee, in the same way Obama does with the Democratic National Committee. Donations to the RNC and DNC are capped at a higher total, but Romney didn't hold his first combined event with the RNC until April 14.
Money raised by the candidates for the DNC and the RNC is almost indistinguishable from money raised for themselves, since both of the party committees plan to spend nearly all of their money on the presidential race.
Romney's now proven ability to fundraise in the same league as Obama and the proliferation of well-financed GOP Super-PACs suggests that Republicans should have no fear of repeating the 2008 debacle of being vastly outspent by Obama.
Romney is also not fairing too poorly in the "man of the people" race, as his campaign says that 95 percent of his donations were for $250 or less.
The Obama campaign said 98 percent of its donations were for less than $250.