Democratic Party roughly $27 Million short of ~$37 million goal...

Republicans have not placed any restrictions on where they raise money and have secured corporate contributions from such companies as AT&T Inc. (T), Microsoft Corp. (MSFT) and Coca-Cola Co. (KO) to meet their $55 million target.

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Four years ago, corporate entities accounted for more than $33 million of the amount Democrats raised for the Denver convention, according to campaign finance reports. While Democrats have placed restrictions on how the Charlotte host committee, headed by Mayor Anthony Foxx and Duke Energy Corp. (DUK) CEO James E. Rogers, can raise money, with a ban on direct corporate donations and a $100,000 limit on individual contributions, corporations are allowed to give unlimited in-kind contributions, such as telephone and technology services or gift cards.

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US President Barack Obama has raised more cash than his Republican rival Mitt Romney for the first time in months, August figures have revealed.

Mr Obama and the Democratic Party machine raked in some $114m (£71m), the president's campaign said.

That narrowly beat the $111m raised by Mitt Romney and the Republican Party, who announced their figures earlier.

Both campaigns say they expect to raise about $750m in total before the election, to be held on 6 November.

Neither candidate is accepting public financing of their campaign, allowing them to raise unlimited funds for their campaign war chests.

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