Obama campaign, Democrats raise $60M in May

AP News
Posted: Jun 07, 2012 10:26 AM
Obama campaign, Democrats raise $60M in May

President Barack Obama and his party together raised $60 million last month, his campaign reported Thursday.

Obama was mixing more fundraising with official business Thursday as he wrapped up a two-day West Coast trip, beginning the day in the Los Angeles area at a fundraising breakfast for about 300 people. Tickets started at $2,500.

Later, Obama planned to speak in Nevada at the University of Nevada, Las Vegas. The White House said he would push Congress to pass legislation to prevent student loan interest rates from doubling at the end of the month.

Democrats and Republicans have been at odds over how to pay for the one-year freeze in the subsidized Stafford loans. Top Republican lawmakers say they haven't received any response from the White House to a new offer they made last week.

In all, Obama and the Democratic National Committee and other state-focused funds have hauled in about $510 million during the 2012 election campaign. Republican Mitt Romney has not yet released fundraising totals for May; he reported raising $40 million in April, compared to Obama's $43.6 million that month.

Obama's campaign said on Twitter that more than 572,000 people had donated in May, bringing the total to 2.2 million donors for his re-election bid.