“Aides and leading donors to Mitt Romney are preparing a major expansion of the campaign’s fund-raising efforts to prepare for a general election contest against President Obama, with the goal of raising up to $ 600 million,” the New York Times reports.

Meanwhile, Obama is expected to exceed the $ 750 million he raised in 2008 and super PACs for both sides will provide several hundred million dollars more in campaign ads.

“Those goals make it virtually certain that neither party’s nominee will
accept public funds for the general election or the spending limits that
come with them — the likely death knell for a cornerstone of the
post-Watergate campaign finance reforms intended to limit the influence
of money in federal elections.”

Taegan Goddard’s Political Wire