For the first time in three months, the Obama campaign and the DNC outraised Gov. Romney and the RNC. The President’s campaign reported a monthly total of $114 million raised in August, narrowly beating the Romney campaign’s $111.6 million in total fundraising. The last time President Obama won the fundraising race was in April of this year when his campaign raised $43.6 million to Gov. Romney’s $40.1 million. August is also the first time this election cycle that the President has raised over $100 million; Gov. Romney previously raised over $100 million in June, July and August. The Romney campaign also reported a cash on hand total of $168.5 million while the Obama campaign has not yet released that figure.

The Obama campaign has petitioned supporters for the past few months to help close the fundraising gap with numerous emails and phone calls. Obama campaign spokesman Jim Messina said the campaign received contributions, “from more than 1.1 million Americans, donating an average of $58 per person – more than 317,000 who had never donated to the campaign before.” Gov. Romney’s campaign did not release a total number of donor’s but said that 94% of donations were for $250 or less.

The new fundraising totals come at a good time for President Obama as the President has started to open a bit of a lead in daily tracking polls following the completion of the national conventions. The Rasmussen Tracking Poll gives Obama a slight advantage at 46% to 45% over Romney and a Reuters/Ipsos poll gives Obama a 48% to 45% edge. Additionally, a Gallup daily tracking poll shows Obama with a 50% to 43% advantage.

Other notes from the trail…

• Roll Call has released its annual study of the 50 richest members of congress. Rep. Michael McCaul (R-Texas) tops the list for the second straight year with a net worth over $300 million. Senator John Kerry once again topped the list of richest senators and is the second richest overall member of Congress with a net worth of $198.65 million. Both McCaul and Kerry benefit from the sizable assets of their spouses. McCaul’s wife is the daughter of Clear Channel Communications founder and CEO Lowry Mays, and Kerry’s wife is the widow of the late Senator John Heinz of Heinz Ketchup fame.
• Freshman Rhode Island Representative David Cicilline (D-1st) won a challenging primary Tuesday amid concerns about his tenure as the mayor of Providence. At issue were Cicilline’s statements and reports as mayor regarding the financial state of the city including his decision to tap into the city’s rainy day fund. Cicilline released a series of apologies in April regarding a lack of transparency in city finances and his efforts to balance the budget. Cicilline will now face Brendan Doherty, a retired police colonel for the heavily democratic district.
• On Sunday, the New York Times Magazine profiles Joseph Kennedy III (D-Massachusetts) who is running for the seat being vacated by retiring Congressman Barney Frank. Kennedy is the grandson of the late Robert F. Kennedy and son of six-term congressman Joseph Kennedy II. If Kennedy wins the seat in the heavily democratic district, it will mark a return to Washington for the Kennedy family for the first time since Patrick Kennedy (D-RI) retired from his Congressional seat in 2011. Prior to Patrick’s retirement, a member of the Kennedy family had served in national elected office every year since 1947.