President Obama’s campaign machine, Obama for America, owes just a hair under $3 million according to Federal Election Committee filings released today.

On the other side of the aisle, the Mitt Romney campaign has no debt and more than $1 million cash on hand, Time’s Zeke Miller reports.

Politico notes today that the RNC has a significant fundraising advantage over the DNC, raising $80.6 million to the DNC’s $62.2 million in 2013.

Why are we not surprised?

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