May 23, 2012 11:38 AM
COLORADO SPRINGS, Colo. (AP) -- President Barack Obama and his party are redoubling their fundraising efforts. They're doing it in the wake of robust hauls by Republican rival Mitt Romney and a slew of GOP-leaning super PACs that are raking in cash from party faithful who are highly motivated to topple the Democrat.
Obama still has a significant edge, but it's shrinking rapidly.
That explains why the president is plunging back into fundraising on Wednesday with a series of events in Denver and California's Silicon Valley. He's looking to stockpile cash to pay for his coast-to-coast organization, advertising to promote his message and get-out-the-vote operations in key states.