Bill Clinton to Fundraise for Obama

Former president Bill Clinton will help President Obama line his coffers as the election season heats up, sources tell Bloomberg. Spokespeople for the Obama campaign and for Clinton declined to comment. According to the source, a New York fundraising event will be aimed at deep-pocketed donors in the financial-services industry, many of whom doled out wads of cash for Obama during his 2008 campaign. The Clinton-Obama lovefest comes as those same Wall Street donors speak with their checkbooks—they’ve overwhelmingly favored Republican Mitt Romney so far this election cycle, giving three times more to the former Massachusetts governor than to Obama up to the end of January.