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Friday, April 6, 2012

postheadericon President Obama raises nearly $1.5 million in 3 hours

President Obama attended a whirlwind pair of exclusive fundraisers with top Democratic donors Thursday night, further padding the president's campaign coffers as his defense of the White House pivots into general election mode.

At the first of the Obama two fundraisers, twenty donors paid $40,000 a piece for an intimate closed-press meeting with the president. Shortly thereafter, the president crossed town for a larger fundraiser where some 250 people chipped in $2,500 a piece. In total, the president raised around $1.425 million for a joint fundraising committee fun by his campaign and the Democratic National Committee.

The president raised some $45 million in February, $29.1 million in January, and $68 million in the fourth quarter of 2011. The amounts have enabled the president to rapidly deploy his reelection team; according to Federal Election Commission reports, Obama has already spent more than $135 million on his campaign, $3 million more than the entire Republican field combined.

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