Obama Campaign Already at $47 Million

July 14, 2011  |  

(New York Times) — President Obama raised $47 million for his re-election campaign in the three-month period that ended June 30, his aides said on Wednesday, far outpacing the Republican candidates who hope to replace him.  Mr. Obama also raised about $38 million for the Democratic National Committee, using a series of joint fund-raisers this spring to fill party coffers and begin building a field operation for the general election. The total haul — about $86 million — broke the record for joint fund-raising between a president and his national party committee in any quarter of a nonelection year, reflecting the significant powers of an incumbent president to raise money and the progress Mr. Obama’s campaign has made recently to rebuild the donor network that helped him to victory in 2008.

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