Washington (CNN) - President Barack Obama and Vice President Joe Biden fundraise from coast to coast Thursday.
One day after attending two fundraisers in Michigan, the president will be the main attraction at a reception at the W Hotel which is just blocks away from the White House.
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According to a re-election campaign official, 25 supporters will attend the event, with tickets priced at $40,000 per person. The estimated $1 million raised at the reception will go to the Obama Victory Fund, a joint fundraising committee of Obama for America, the Democratic National Committee and several state Democratic parties.
While the president's in Washington, the vice president attends a fundraiser in Phoenix, Arizona in the afternoon, followed by two more campaign events in Los Angeles.
According to a different campaign official, 100 people are expected to attend a fundraising luncheon at the Heard Museum in Phoenix, with tickets starting at $500. The fundraisers in Los Angeles are both being held at private residences. The official says the first is a prospecting event for a future fundraiser, with ticket prices for the second event starting at $10,000.
Monday the campaign announced that they raised $53 million in March, up about $8 million from the month before. The campaign did not indicate its cash on hand. As of March 1, the campaign reported $85 million in the bank. The campaign has raised around $350 million since officially forming in April of last year. Obama broke all records by raising nearly $750 million in his 2008 campaign for the presidency.