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WAR CHEST Obama Raised $42M in Third Quarter J. Scott Applewhite / AP

Obama Raised $42M in Third Quarter

President Obama may be facing sinking poll numbers, but there’s no stopping his fundraising abilities. According to the FEC filings that were due Saturday at midnight, Obama raised $42 million in the third quarter—more than Mitt Romney and Rick Perry combined. Despite Perry's poor performances at the Republican debates, the Texas governor raked in $17.2 million, coming in ahead of Romney, who raised $14.2 million. Herman Cain may have newfound celebrity status, but the pizza magnate raised only $2.8 million, although this appears to be enough to repay his loans and keep the campaign afloat. Newt Gingrich raised only $808,000 while carrying a debt of $1.2 million, leaving his campaign in the red.

October 15, 2011 6:50 PM