President Obama Suffers Fundraising Drop

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.

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