BREAKING NEWS

Obama fundraising tops $60 million in May

By REUTERS

JUNE 7, 2012 17:40

WASHINGTON - US President Barack Obama and his Democratic allies together hauled in more than $60 million for his re-election campaign in May, a large jump as he struggles to maintain a fundraising edge against Republican challenger Mitt Romney.

The new totals, boosted by money raked in from glitzy Hollywood events, helped Obama easily surpass April's donations of $43.6 million, which had marked a decline from the month before as Romney closed the contributions gap.

It was also a dose of good news for Obama after a Republican victory in the closely watched Wisconsin governor recall election raised warning flags over Democratic fundraising and campaign organizing that could pose problems for the president in the Nov. 6 general election.

Obama's campaign staff announced the new figures in a series of Twitter messages on Thursday, saying, "Thanks for everyone who chipped in." Romney's campaign has not yet released its fundraising totals for May.

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