While the debt negotiations are consuming the White House and the rest of Washington, there was some good money news for the folks in Obama’s camp.

Today, the campaign released it’s first quarter fundraising totals and the numbers are good to say the least. The Huffington Post reports:

Obama campaign manager Jim Messina said in a video posted early Wednesday that it raised more than $47 million and the Democratic National Committee brought in more than $38 million through the end of June, building a foundation for advertising and get-out-the-vote efforts in next year’s election. Obama’s team had set a public goal of $60 million combined.


While Obama’s big pull is good news for the DNC, internally the Obama campaign is holding itself to a much higher standard. Though none of the Republican front runners are even close to the President in fundraising totals. The runner up on the GOP side, if you can call it that, is Mitt Romney who has raised $18 million independently in the last three months.

Still, word from Obama’s political advisors is that they are looking for donors to top the $750 million dollars they raised to get the President into office in 2008. Expecting a strong offensive from the Republicans and a weak economy with an unemployment expected above seven percent, the Obama 2012 camp is looking to get together all the funds they can get.

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