Romney Campaign Borrowed $20M, Is $11M In Debt

Despite the closer contest in recent months, Obama has still raised far more than his competitor overall and, as of the end of July, had amassed a 3-to-1 staffing advantage on the Republicans. Obama also has more money under his direct control in his campaign bank account, allowing him to take advantage of statutory discounts for ad rates.

Romney, by contrast, has more money stashed in accounts held by the Republican Party, which can accept large checks from the wealthy donors that Romney has relied upon. This will give his campaign less flexibility on how to spend the money in the final weeks.