Tuesday, 31 July 2012

Obama opens wallet, makes first donation to his campaign

Obama opens wallet, makes first donation to his campaign 10 hours ago CNN's Kevin Liptak (CNN) – President Barack Obama made a $5,000 donation to his campaign Monday night, the first contribution the president has made to his re-election effort.

In an email to supporters, Obama wrote that his donation "won't be enough to surmount the unprecedented fundraising we've seen on the other side, both from our opponent's campaign and from the outside groups and special interests supporting him."

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An Obama campaign aide said the donation was made online in New York City, where Obama attended a fund-raiser Monday.

Obama's email announcing his donation came as his campaign was peppering supporters with emails asking for contributions before the end of the month. In June, Mitt Romney and the Republican National Committee brought in $100 million, out-raising Obama and the Democrats who took in $71 million.

In May, Mitt and Ann Romney each donated $75,000 to the Romney Victory Fund, the joint fundraising committee between Romney's campaign and the RNC.

Under U.S. law, $75,800 is the maximum amount an individual can contribute to the fund, though each candidate is permitted to give unlimited funds to his own campaign.

Obama's contribution was first reported by the Huffington Post.

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View the original article here


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