Obama raising money at $35,800-a-ticket event

AP News
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Posted: Apr 25, 2012 6:17 PM
Obama raising money at $35,800-a-ticket event

President Barack Obama is back in Washington from a three-state trip courting young voters in time to raise money from big-dollar donors.

Obama is attending a fundraiser with 25 supporters who each paid $35,800 toward his re-election effort. The event is at a hotel just blocks from the White House.

Obama made his way to the Jefferson Hotel just minutes after returning from a two-day visit to college campuses where he promoted a plan to renew a low-interest student loan program.

As with other events, the $895,000 raised is split between Obama's re-election campaign and the Democratic Party.

As of the end of March, Obama had raised about $350 million for his re-election campaign and the Democratic National Committee so far in this election cycle.