Obama campaign breaks fund-raising record
October 4th, 2012
11:14 PM ET
10 years ago

Obama campaign breaks fund-raising record

Washington (CNN) - The Obama re-election team raised more money last month than any campaign has brought in this election cycle, a Democratic source familiar with the fund-raising totals confirmed to CNN.

The campaign's September total is expected to exceed $150 million, the source said.

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That would top the previous monthly record of $114 million for Obama, set in August.

Officials refused to comment on campaign fund-raising numbers as the donations are still being counted.

The fund-raising information was first reported by the Wall Street Journal earlier Thursday.

Making sure each campaign has plenty of cash is key as the critical final weeks of the campaign approach - especially with a vigorous and now escalating TV ad battle ongoing in at least eight swing states.

September started with the Democratic National Convention and a well-received speech by former president Bill Clinton resulting in a bounce in the president's poll numbers. That helped solidify support for the re-election effort.

Obama is jointly raising money with the Democratic National Committee just as Mitt Romney is doing so with the Republican National Committee.

For Obama, August reversed a trend of several months in which Republicans out-raised the Democrats on the presidential front.

Romney brought in $112 million in August.

For the first time in history neither major presidential nominee is accepting federal matching funds in the general election campaign, only intensifying the chase for dollars.

One advantage for the president has been his ability to attract more small donors who can repeatedly give while the Romney campaign has drawn more large dollar contributors. Obama's campaign earlier this week announced it raised money from more than 10 million individual donors.

Romney officials have not yet indicated what their September fund-raising totals. Both campaigns have until October 20 to report their tallies to the Federal Election Commission.

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Filed under: 2012 • Fundraising • President Obama
soundoff (211 Responses)
  1. tallone

    Romney/Ryan = Bush installment 3 – only much worse.

    October 5, 2012 02:24 pm at 2:24 pm |
  2. jackthegeek

    Goodbye too Dems, and don't be cry baby losing the debate which is the basis on Independent voters like me to vote for Romney...

    October 5, 2012 02:24 pm at 2:24 pm |
  3. Fortinbras

    If the president has no viable message to convey, all the money in the world wont help. Fortunately, he has a very viable message. The unemployment rate is now starting to make a steep decline and hope is making a comeback against all the depressing cynicism being being peddled by the republican party. And if the spirit of the American people has not been broken by all the negativity by now, Obama will win. Why? The answer is that the president is actually at an approval rating adequate for re election. That rate will no doubt rise with the dramatic decline in the unemployment rate.

    October 5, 2012 02:26 pm at 2:26 pm |
  4. MBC

    Kill ya'self Larry L @johnny popper. You don't know what you're talking about. Bush created this mess by starting two wars, financed by China, and tax cuts for his wealthy friends. You idiot Repblicans are so afraid a black President might do something to help minorities that you would rather see the entire country suffer first. The GOP has blocked everything this President has attempted. By the way, the policies this President has implemented have helped and will help all segments of society, not just minorities. Get rid of the chip on your shoulder so you can see the light at the end of the tunnel.

    October 5, 2012 02:28 pm at 2:28 pm |
  5. m123

    GI Joe
    Please feel free to shoot yourself

    October 5, 2012 02:37 pm at 2:37 pm |
  6. Fortinbras

    Words are just that, words. This is particularly true with Mitt Romney. I expect to conclude the same about the once highly principled Paul Ryan, after next weeks vp debate.

    October 5, 2012 02:37 pm at 2:37 pm |
  7. shawnDH

    ku4twz whined: "Who cares! Romney = jobs, Obama= no jobs!! Raise all the money you want."

    Obama has become one of the biggest job creators in the shortest amount of time in US history. We went from LOSING 800,000 jobs a month when he took office to 30 months of job growth, 5,000,000 + new jobs and Obama brought the unemployment rate down over 2% in just 2-1/2 years.

    Mittens was 47th in the nation for job growth. Swing and a miss. Try again. OBAMA 2012! Best president ever.

    October 5, 2012 02:37 pm at 2:37 pm |
  8. Lisa

    Travis, there's a HUGE difference between millions of Americans sending $5 to Obama to try to battle the huge corporate interests aligned against them, versus the millions of dollars of individual contribution of the Koch Brothers or by billionaires such as Sheldon Adelson, who committed to spend $100 million - from one man alone!!! - to buy the election for Romney.

    October 5, 2012 02:38 pm at 2:38 pm |
  9. wjmccartan

    The man said what he said, stood his ground and defended his statements nationally. Now he just said he made a mistake only involving 158 million or so people. He tans to better connect with latinos. Surprised he didn't use blackface when he spoke to the NAACP. The Latino community should be just as upset as the African American people would be.

    Look here I'm a white man for all of you businessmen and zealots, tomorrow watch me change into Latino mode. That's just disgusting Mittens.

    Lucid One

    October 5, 2012 02:48 pm at 2:48 pm |
  10. bill

    Obama seems to raise more money the more mitt tries to spin the GOP trickle down economics and say how much the republicans care for the middle class...

    October 5, 2012 02:51 pm at 2:51 pm |
  11. Charlie

    Discussion accomplishes nothing. Just vote, and quit say ugly nasty things to each other.

    October 5, 2012 02:52 pm at 2:52 pm |
  12. Tessa2U

    I am happy to see that my small monthly donation to the Obama campaign coupled with millions of other American's small donations TOGETHER resulted in larger amounts than the billionaire GOP donors that think they can buy this election. As one of the "47%" who works full time, I am happy that together WE MADE A DIFFERENCE! However folks, that is not enough, we need to get out and VOTE!!!!! Go Obama/Biden !!!

    October 5, 2012 02:54 pm at 2:54 pm |
  13. bill

    hey mitt, why don't you show us 12 years of your U.S. tax returns like Obama did?? I also want to see your birth certificate. As per the world outside of Fox News, you can't become president if you will not or cannot answer simple fitness of character questions in seeking the highest office in the land!

    October 5, 2012 02:55 pm at 2:55 pm |
  14. bill

    I don't care if the democrats rolled out snookie to debate romney, no one outside of the 1% is going to buy in to the GOP's BS economics and social agenda: We have seen this movie before and we all know how it ends! OBAMA 2012

    October 5, 2012 02:57 pm at 2:57 pm |
  15. DL

    Yesterday the employment numbers were accurate and the GOP bashed Obama. Today they claim it's a conspiracy. (What do you expect from tea party and birthers). This is just the shock that Obama managed to move the country forward with that Republican congress doing everything in their power not to. It just blew up in their faces. As for Mitt's 47 apology...it's real hard to take that seriously when his own party is all over the web screaming about how it's 'true'.

    October 5, 2012 03:00 pm at 3:00 pm |
  16. Lynda Jones-Owings

    I donate the the campaign every pay period and will continue to do so as long as it is needed.

    October 5, 2012 03:00 pm at 3:00 pm |
  17. bob

    1/20/2013 = The end of an error

    October 5, 2012 03:03 pm at 3:03 pm |
  18. TheBigSarge

    appears as if the sign of the times is that the libretards are scared as all get out and are doing everything they can, including using questionable job numbers and equally questionable and america hating donors.


    October 5, 2012 03:09 pm at 3:09 pm |
  19. sene

    Travis - It's not about how much money is raised it where the money is coming from that matters.. .if obama make a big portion of his 150 from 10+ million people and Romney makes his big chunk of money from 2 billionaires .. IT MATTERS.

    Obama 2012

    October 5, 2012 03:11 pm at 3:11 pm |
  20. Dominican mama 4 Obama

    Name w.bullock

    I'm heard that stephen cuttler are keep lot liar talk other people
    I will keep watch to stephens cuttler. What she saying to do with presdient obama
    In the name of whatever you hold dear and near can you let your interpreter post for you? Please?

    October 5, 2012 03:16 pm at 3:16 pm |
  21. Larry L


    who cares! Romney = jobs, Obama= no jobs!! Raise all the money you want.
    You're Republican math. Some better "equations":

    Romney = Bain Capital = Vulture Capitalism = Unemployed w/o pension

    Romney Promise = $5 trillion in cuts w/o tax increase = B.S.

    Romney Promise = Medicare Vouchers = Medicare trashed

    Romney Belief = 47% Americans are worthless = "Oops..." = flip-flop

    Romney Promise = Repeal Obamacare = Create Romneycare = Romneycare = Obamacare w/o any specifics

    October 5, 2012 03:23 pm at 3:23 pm |
  22. NoKidding

    ku4twz: I see that Romney already sold you a bridge.
    Romney = jobs? LOL, where is the proof? Several of the companies his Bain Capital took over went bankrupt, closed shop and laid off employees. He worked with chinese companies exporting jobs to China. His fortune is kept in the Cayman Islands and in Swiss banks (I'm sure a few employees in those countries are happy). And most telling of all: Massachussetts total job growth was 0.9 percent, well behind New York (2.7), California (4.7), and North Carolina (7.6). The national average was better than 5 percent. MA is at the bottom of the list as far as job growth is concerned.
    So yeah people, VOTE FOR ROMNEY IF YOU WANT 0.9 JOB GROWTH!!!

    October 5, 2012 03:28 pm at 3:28 pm |
  23. Lynda/Minnesota

    Hey, FOX and Limbaugh groupies. Thanks ever so much for taking time out to come to CNN to share your propaganda. You each give me a daily reminder of why I stopped watching FOX ten years ago. I guess not much has changed over at FOX these many years and more ... FOX pundits are sill dishing out the garbage and laughing all the way to the bank.

    October 5, 2012 03:28 pm at 3:28 pm |
  24. Rachel

    Mitt Romney is a power hungry liar. And by the way, Obama is our sitting President and is working long days and nights for this country and NO ONE mentions that! Talk about stress. There is NO understanding of what he goes through each day because people are too stupid to think or care about that. Respect for our Leader is gone, not because of who he is, but because it is gone everywhere in our society.
    GO BARACK! We support you every step of the way!!!!!

    October 5, 2012 03:48 pm at 3:48 pm |
  25. Chris

    Hey CNN, don't brag on this too much. The hammer is about to drop - A story about fraudulent contributions being funneled from overseas into the Obama campaign's willing arms.

    October 5, 2012 03:50 pm at 3:50 pm |
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