Obama Raised $70 Million in Quarter

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.