Obama raises $45 million in February

That is likely several times more than Mitt Romney raised. Reuters: In a statement released on Twitter, Obama's campaign said 348,000 people contributed last month and 105,000 people gave money for the first time. Nearly 98 percent of the month's contributions were $250 or less, it said. "Since April 2011, a total of 1.64 million people have pitched into own a piece of this campaign," the Twitter message said. Obama's Chicago-based re-election effort has spent the last several months building up a grassroots effort it hopes will help turn out the vote on Election Day in November. Obama's campaign, the Democratic National Committee, and other joint fundraising committees raised a combined $29.1 million in January. Campaign officials are concerned that outside groups known as Super PACs could outspend Obama in their quest to put a Republican in the White House. Super PACs are political groups that can raise and spend unlimited amounts of money to influence political campaigns. Obama...(Read Full Post)

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