Obama, party allies raise $68 million for re-election
By Jeff Mason and Alina Selyukh | Reuters 4 hrs ago
WASHINGTON (Reuters) - President Barack Obama's re-election campaign and its Democratic allies raised more than $68 million in the last three months of 2011, dwarfing Republican rivals as the White House race approaches.
In a video message sent to supporters on Thursday, Obama's 2012 campaign manager Jim Messina announced the haul, which brings the shared fundraising by Obama's campaign and the Democratic National Committee at over $200 million for 2011.
With most of that money said to be coming in small-dollar sums from thousands of Americans, the fundraising gives Obama, a Democrat, a nice cushion as he campaigns for re-election against Republicans sparring to see who will be their nominee in November's election.
Although the money given to the DNC is effectively Obama's for grabs, his own campaign -- which faces lower contribution limits -- received $42 million during the last three months of 2011.
More: http://news.yahoo.com/obama-campaign-democrats-raise-68-million-fourth-quarter-114406366.html
Jim Messina says they don't expect to raise $1 billion.