Obama Raises $29 Million for Campaign and Democratic Party

WASHINGTON (AP) – President Barack Obama raised $29 million for his campaign and for the Democratic Party in January. It was 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 through his Victory Fund for his re-election effort, for the Democratic National Committee and related committees. 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-money fundraising groups he once criticized and let them help in his re-election.

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