President Obama Suffers Fundraising Drop

President Obama and Mitt Romney are in a race for the presidency -- and for campaign funding.

Posted:
 
obama20military20helicopter20520201220400hc
Mandel Ngan/AFP

The New York Times reports that President Obama's fundraising has hit a lull. Both Obama and Mitt Romney, his competitor in the 2012 presidential election, are aiming to raise $750 million this cycle. However, as Romney and his wife Ann dip into their personal monies to increase campaign dollars, Obama's financial gains have slowed recently.

The drop-off -- Mr. Obama raised $10 million more in March -- signals a lull for the president as his Republican rival, Mitt Romney, has effectively locked down the Republican nomination and begun aggressively fund-raising for the general election campaign.

The Democratic National Committee, which Mr. Obama also raises money for, took in $14.4 million during April, less than it did in March. That brings Mr. Obama's combined haul to about $40.1 million, not including money paid by the party's joint committee for fund-raising expenses.

Mr. Romney's campaign said this week that Mr. Romney and the Republican National Committee, which have a similar joint arrangement, had also raised about $40.1 million. His campaign had not filed detailed disclosures with the F.E.C. as of Friday evening. The candidates are required to file by midnight on Sunday.

Read more at the New York Times.

Like The Root on Facebook. Follow us on Twitter.

Comments
The Root encourages respectful debate and dialogue in our commenting community. To improve the commenting experience for all our readers we will be experimenting with some new formats over the next few weeks. During this transition period the comments section will be unavailable to users.

We apologize for any inconvenience and appreciate your continued support of The Root.

While we are experimenting, please feel free to leave feedback below about your past experiences commenting at The Root.