Obama campaign raises record $1.04 billion

PTI Washington | Updated on March 12, 2018 Published on October 26, 2012

The Obama Campaign, Democratic Party along with their joint fund-raising group Obama Victory have now collectively raised more than a billion dollar mark this election cycle, setting a new fund-raising record in the country’s electoral history.

According to latest available figure, the Obama Campaign has raised a record $1.037 billion. This is for the first time that any presidential candidate has raised more than a billion dollar in an election cycle.

According to FEC data compiled by the non-partisan Campaign Finance Institute, Romney Campaign has raised $950.7 million.

Yesterday, Romney Campaign had announced that it has raised $111.8 million in the first two weeks of October, while the Obama Campaign trailed behind with $90.5 million during the same period.

Political analysts are expecting that more than $2 billion would be spent in 2012 presidential election, thus making it one of the costliest presidential elections ever.

Till the end of September, both groups had brought in $1.5 billion.

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Published on October 26, 2012
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