Source: The Huffington Post
WASHINGTON — President Barack Obama raised $29.1 million for his campaign and for the Democratic Party in January, a strong fundraising month that put him ahead of the pace he set in the last quarter of 2011.
In a Twitter message Friday morning, the Obama campaign announced the president raised the money for his re-election effort, for the Democratic National Committee and related committees. The campaign raises money directly from donors and through a Victory Fund that splits proceeds with party efforts devoted to Obama’s re-election.
The month’s haul raises Obama’s total combined fundraising for this election cycle to about $250 million. In the last three months of 2011, he averaged about $23 million a month.
That fundraising concluded before the campaign’s announcement this month that, in a reversal, Obama would embrace the big big-money fundraising groups he once criticized and let them help in his re-election. Those so-called super PACs, financed with large donations from a small group of individuals, have been prominent in the Republican presidential primary and are also poised to spend millions in the general election contest.
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