Cash Money

Obama Raises Another $3 Mil

Two debt-ridden Democratic campaign committees are expected to nab a $3 million boost today, courtesy of President Obama. The Hill reports that Obama raised $3 million at his first Democratic National Committee fundraiser, and is expected to do the same today for the Democratic Congressional Campaign Committee and the Democratic Senatorial Campaign Committee. Obama's $3 million sounds like a lot, but Bush raised $21.5 million for Republican committees in 2008 and $27 million in 2006. And Newt Gingrich raised $14.5 million for the committees this year. The Democrats attribute the disparity in fundraising to a difference in style; Republicans have one gala-bash event, while Democrats have several smaller ones.