Following news of slow campaign fundraising in President Obama’s election run against Republican nominee Mitt Romney, Politico reports an upswing in donors for the president.
Priorities USA Action spent $7.9 million last month — mostly on ads scrutinizing Romney’s tenure at the private equity firm Bain Capital — and finished June with $2.8 million in the bank, according to a report filed late Friday with the Federal Election Commission.
The report offered some encouraging signs for a PAC that had been worrying Democrats with its sluggish fundraising, revealing a mix of new mega donors and returning ones who increased their contribution levels and drawing heavily from the worlds of entertainment and gay rights activism.
Its biggest donation — $2 million — came from telecom billionaire Irwin Jacobs, who had not previously given to the Obama super PAC. And Priorities received $1 million each from Chicago media mogul Fred Eychaner, an Obama campaign bundler and prominent gay rights supporter who had previously donated $500,000, and star actor Morgan Freeman, a newcomer to big-political-check writing.
Read more at Politico.