BREAKING NEWS

Obama taps New York donors despite Wall Street ire

By REUTERS

MARCH 2, 2012 09:12

NEW YORK - President Barack Obama returned to New York on Thursday for a series of high-end fundraising events, tapping Wall Street donors whose generosity has been strained by US financial reforms that many bankers oppose.

Facing the multimillion-dollar election warchests of his Republican rivals, Obama has raised $136 million so far in the 2012 presidential race, according to the Center for Responsive Politics.

But only $2.3 million has so far come from the securities and investment industry, compared to the $7.13 million that he had raised from these sources by the same point in 2008.

Obama, on his second visit to New York this year, acknowledged he has ruffled feathers in the city since winning the White House in 2008.

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