CNN Political Ticker Quotes:
Romney's May fund-raising figures are a big jump from his April haul, when his campaign reported raising $40.1 million. Rick Santorum and Newt Gingrich, two of Romney's rivals for the GOP nomination, both announced they were dropping their bids for president in April, meaning May was the first month Romney was running unopposed for the GOP nomination.
Mitt Romney's team announced Thursday it raised $77 million last month, surpassing the total announced earlier in the day by President Barack Obama's re-election effort and marking the first month the Republican effort out-raised the Democrats.
Romney's campaign cash, which includes money taken in by Romney for President, Romney Victory, and the Republican National Committee, included money raised in all 50 states and in Washington, DC, the campaign said.
Earlier Thursday, Obama's team announced on Twitter they had raised more than $60 million in May. The money is divided between the re-election campaign, the Democratic National Committee and affiliated Democratic state parties.