CAMPAIGN 2012

Presidential Fundraising Hits $1 Billion

By Lara Seligman

Updated: July 20, 2012 | 7:56 a.m.
July 20, 2012 | 7:43 a.m.

Fundraising for the presidential campaigns has surpassed the $1 billion mark, USA Today reports.

 In the first election since the rise of candidate-aligned super PACs raising unlimited sums, and the first since 1972 that is financed entirely by private money, the biggest spending is yet to come.

Obama is appealing to donors with increasing urgency as he trailed his opponent for the second month in a row in June: Obama and his allies raised $71 million that month, just short of the $106 million raised by Romney and the Republicans. 

Get the latest news and analysis delivered to your inbox. Sign up for National Journal's morning alert, Wake-Up Call, and afternoon newsletter, The Edge. Subscribe here.


Read & Post Comments
More By This Writer
Lara Seligman's Pic
Lara Seligman | Staff Reporter
lseligman@nationaljournal.com | Follow:    
Leave A Comment
The National Journal Group has the right (but not the obligation) to monitor the comments and to remove any materials it deems inappropriate.
Comments powered by Disqus
Follow National Journal
Related Content
Columns
Norm Ornstein: Washington Inside Out

GOP’s Switch on Financial Disclosure Wins Gold Medal in Hypocrisy Olympics

9:30 p.m.
The IRS scandal evolved from the broader reality that the GOP has changed its financing mantra from “disclosure” to “secrecy.”
Major Garrett: All Powers

Obama Pushes to Accommodate, Not Protect, Freedom of the Press

May 21, 2013
The Justice Department’s secret subpoena of AP phone logs begs questions about Obama’s attitude toward the First Amendment and government scrutiny.
Charlie Cook: Off to the Races

Republicans’ Hatred of Obama Blinds Them to Public Disinterest in Scandals

May 20, 2013
Republicans are so focused on their bitter battles against Obama, they can’t see how little impact the “scandals” have had on public opinion.
More Columns »