Obama Raised $70 Million in Quarter

    COLLEGE PARK, MD - JULY 22:  U.S. President Barack Obama greets people in the audience as he arrives to Town Hall meeting at the University of Maryland July 22, 2011 in College Park, Maryland. Obama answered questions about the deficit reduction, the debt ceiling issue and the economy.  (Photo by Yuri Gripas-Pool/Getty Images)

    Yuri Gripas, Pool / Getty Images

    Despite sinking approval ratings, President Obama can still bring in the cash. His reelection campaign announced Thursday morning that he had raised $70 million in the third quarter; $42.8 million will go to his own 2012 effort, and the rest to the Democratic National Committee. Though the figure is less than the $86 million that Obama hauled in the second quarter, it’s still enough to beat the combined total of the entire GOP presidential field’s fundraising—for the second quarter in a row. It’s also more than the $55 million that campaign staffers set as a goal. More than 606,000 people contributed donations.

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