Campaign Fund-raising, 2012 Presidential Election | featured news

Ron Paul continues to rake in cash at a healthy clip, which bodes well for his campaign as the GOP candidates concentrate on New Hampshire and ...

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.

Apparently "9-9-9" is good for about $3 million. That's how much money Herman Cain says he's raised in the month of October alone as financial support begins to match a spike in the polls that is defying political gravity.

Texas Gov. Rick Perry tapped his home-state base of deep-pocketed donors to leap ahead of the Republican field in fundraising during the third quarter. Mitt Romney, meanwhile, used his sizeable warchest to build an infrastructure for the campaign fight ahead, new finance reports show.

A stark financial divide is opening up between two groups of Republican candidates for president, with the top candidates together bringing in tens of millions of dollars in their bids for the presidency and a second tier struggling to attract major donors and in some cases even crack the million-dollar mark.

Mitt Romney raised more than $14 million over the past three months for his Republican presidential campaign.

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.

A strong quarterly report by Gov. Rick Perry of Texas confirms his reputation as a capable fund-raiser.

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.