Obama Fundraising Successes Continue

Raised $84.7 million in August, $35 million more than in July

Barack Obama's fundraising machine is operating at full steam.

Obama for America, the president's campaign committee, raised $84.7 million in August — $35 million more than it did in July, federal campaign finance reports released Thursday night show.

The campaign spent $83.7 million — mostly on media consulting, production and buys ($66.3 million), online advertising ($2.5 million), payroll ($3.1 million) and travel ($2 million) — and ended the month with almost $89 million in reserve. That easily eclipses the $50 million that Mitt Romney's campaign committee reported in the bank through August.