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Money trouble for Obama and DNC?

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    President's campaign spending more than raising?

  • Duration 2:43
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Good evening I'm Brett -- President Obama has yet another deficit to contend with despite -- fundraising appeals the Obama reelection campaign.

Is spending quite a bit more than it's -- it on top of that the Democratic Convention was forced to move to a more modest venue for its opening day.

Chief White House correspondent Ed Henry looks at what's happened.

As President Obama took his two day fund raising -- down south.

A couple hundred miles up the road in Charlotte -- for the Democratic National Convention keep piling up.

Faced with a 27 million dollar fundraising shortfall the host committee today pulled the plug on using the Charlotte motor speedway -- big Labor Day kickoff.

Raising more questions about whether a lack of enthusiasm.

-- prevent the president from again carrying a key battleground like North Carolina.

Number one a bad economy makes raising large sums of money more difficult.

Number two it's no secret the president is not as popular in many parts of the business community.

The host committee has been hamstrung by a self imposed ban on direct corporate contributions.

Although convention officials downplayed the money stressing they move the kick off to maximize accessibility transportation and proximity of all guest -- guest list however will not include a growing number of top Democrats with endangered incumbent senator Claire McCaskill today announcing she'll skip it.

Denying she's worried about standing with the president her staff said cheaper first to be in Missouri when she's on the ballot.

McCaskill is the ninth no show so far among office holders across the country including Pennsylvania congressman Mark Critz.

Secret to his office bluntly no -- internal polls show in his district the president is down double digits -- presumptive Republican nominee Mitt Romney.

It'll say.

-- The economy is bad not as Obama's call.

Because times -- -- and because they're spending these ungodly sums.

-- -- -- While the president did not complain about big money last time when he enjoyed a massive edge over Republican John McCain.

His campaign aides privately say Romney bay -- a hundred million dollars this month alone.

Which is why the president today -- a fundraising letter warning supporters.

I will be the first president in modern history to be -- it is reelection campaign.

Not for -- lack of trying the president has now done more than a hundred fund -- this year alone that's triple what George W.

Bush had done at this point in 2004.

The problem for the Obama camp as their spending vast sums of money although they hope that these organizational strength.

They'll help get out the vote in November right -- and a -- -- -- north lawn Ed thank you governor --

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