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Obama Campaign Announces $53 Million Fundraising Haul For March

Obama Campaign Announces $53 Million Fundraising Haul For March

President Barack Obama's re-election team announced Monday it had brought in roughly $53 million in March, outpacing its own February fundraising numbers.

The total is a combination of funds raised for Obama For America, the President's official campaign, and the allied Democratic National Committee, though the campaign did not specify the breakdown.

In a video announcing the results of the fundraising push in March, the Obama campaign touted the fact that more than 190,000 contributors gave for the first time in March, a sizable fraction of the 567,000 individual donors for the month.

The campaign also sought to highlight its grassroots strength by noting that 97 percent of the donors gave $250 or less - support that could prove critical as the race for the White House progresses, because those donors are well below Federal Election Commission donation limits and can be tapped again for funds later on.

Obama campaign manager Jim Messina emphasized that point in the video, saying that Obama's supporters will have to "work even harder" and "dig even deeper" to support the President's re-election.

"It's going to take all of us working together," Messina said. "So if you've been waiting to get involved, this is the moment."

As of its last filing, from the beginning of March, the Obama campaign had $85 million in cash on hand after raising more than $300 million to that point. The campaign did not release its cash-on-hand levels Monday.

The campaign of presumptive GOP Presidential Nominee Mitt Romney has not yet released its fundraising numbers for March but reported raising $12 million in February with roughly $7.3 million in cash on hand going into the waning days of the hard-fought GOP nomination contest.

by RTT Staff Writer

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