Democrats, Campaign Fund-raising | featured news

Despite the uptick in money going to the super PAC, Obama campaign officials said Wednesday the other side will still have the advantage in outside money. They are prepared for the president to be the first incumbent who will be outspent by a challenger — bracing for Romney and his allies to pump more than $1 billion into TV ads alone.

The total is a big increase over the $43.6 million raised in April, and includes money donated in the wake of President Obama’s decision to publicly support same-sex marriage.

There were charges of racism, sexism and disrespect. There were hurt feelings and outbursts of red-faced anger. Friendships were frayed and tens of millions of dollars spent. But the shrapnel of the great Obama-Clinton war of 2008 appeared to be little more than a distant memory Monday when President Obama and former President Clinton took the stage to raise big money for Obama's reelection.

President Barack Obama enlisted Bill Clinton to campaign alongside him in New York on Monday, tapping the popular ex-president's star power to rake in cash for his re-election bid from Wall Street investors and show-business elite.

A little political trivia: President Obama says the photo of him on a political poster with the word HOPE comes from an event in which he is sitting next to George Clooney. "We struck up a friendship," Obama told Hollywood donors gathered at Clooney's house last night. "And this is the first time that George Clooney has ever been photo-shopped out of a picture.

The traditional big sources of campaign funds are not delivering for President Obama’s campaign as they did four years ago, leaving the president to rely much more on grass-roots support.

Mitt Romney and the Republican National Committee will start raising money together, as President Obama already does with Democrats.

A California Democratic activist is launching a super PAC that aims to draw together thousands of small donors.

The amount still lags behind what he collected at this point four years ago as he made his first bid for the White House.

President Obama is struggling to draw in big-dollar donations, with half as many people writing large checks to his campaign than at this point four years ago.