Barack Obama, Campaign Fund-raising | featured news

President Barack Obama's campaign set a goal of raising $60 million in the fourth quarter of the year to benefit the Democratic incumbent's re-election and the Democratic National Committee, a campaign official said on Saturday.

He shouldn't have to concede any states for lack of money – and he already has raised more than his Republican rivals combined. His approval ratings are down and the economic recovery is sputtering. But President Obama brings to the 2012 campaign one strategic advantage that previous Democratic presidential candidates would have envied: the money to compete everywhere.

President Obama overcame low poll numbers to collect $42.8 million in the July-to-September fundraising quarter, racing ahead of his Republican rivals who must marshal their resources for a fast-changing primary calendar. Obama also raised $27.3 million for the Democratic National Committee for a combined $70.1 million during the third quarter, his campaign announced Thursday. That's a drop from the $86 million the president and national party raised in the previous quarter.

Billionaire investor Warren Buffett will help raise money for President Barack Obama's re-election effort at a $35,800-a-ticket fundraiser next month in Chicago, an Obama campaign official said on Wednesday.

President Obama's re-election campaing claimed more than 475,000 donors during the most recent quarter, but did not announce the amount of money ...

Major Democratic strategists, still reeling from a barrage of midterm spending by conservative groups, are planning a similarly well-funded campaign by liberal organizations aimed at reelecting President Obama in 2012.