The Obama campaign reportedly raised more money last month than any other campaign in this election cycle. The Obama team’s September total is expected to exceed $150 million, according to reports, and with funds raised by the DNC, the combined total will be near $1 billion. This tally does not include funds raised by independent organizations such as Super PACs.

The anticipated monthly total would break the previous monthly record of $114 million set by the Obama campaign in August. Officials have declined to comment on campaign fundraising numbers while donations are still being counted. The Romney campaign is not far behind having raised $112 million in August. A large portion of the funds on both sides are spent on television advertising.

Both campaigns have until October 20 to report their September totals to the Federal Election Commission.

WEIGH IN:

How much will President Obama’s funding surge help his campaign? What does the trend symbolize in terms of campaign support?

Guest:

Matea Gold, writes about money and politics for the L.A. Times