WASHINGTON (AP) — President Barack Obama’s campaign says it expects the president to become the first incumbent to be outspent by his opponent. They are outlining the potential for $1 billion in spending from Republican-leaning outside groups supporting Mitt Romney.

Campaign officials say they fully expect Romney and a collection of Republican-leaning super PACs to outspend Obama, who broke all fundraising records in 2008.

Read More at officialwire.com. By Ken Thomas.

Photo Credit: Geoff Livingston (Creative Commons)

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