facebook
twitter
search
search

Obama, Romney broke fundraising records

Dec. 7, 2012 at 11:51 AM
1 of 2
| License Photo

WASHINGTON, Dec. 7 (UPI) -- Democrat Barack Obama and Republican Mitt Romney each raised more than $1 billion in the 2012 U.S. presidential election race, federal records show.

Final Federal Election Commission filings indicated President Obama raised $1.1 billion in his re-election effort and Romney garnered $1.01 billion, both records, the Los Angeles Times reported Friday.

The huge totals don't include the hundreds of millions of dollars spent by outside groups.

Obama, who topped $1 billion by mid-October, added $111 million to his campaign and affiliated committees in the final 2 1/2 weeks of the campaign.

In that same period, Romney raised more than $89.5 million, also enough to push him over the billion-dollar mark.

Outside groups raked in last-minute cash as well. Restore Our Future, a super PAC supporting Romney, brought in $22.1 million, nearly half from Las Vegas casino magnate Sheldon Adelson and his wife, Miriam. The Adelsons contributed about $30 million to the pro-Romney group during the election.

Priorities USA Action, the Obama-supporting super PAC, also received several multimillion dollar donations as the campaign drew to a close, the Times said. Two hedge fund executives, James H. Simons and Henry Laufer of Renaissance Technologies, each contributed $1.5 million. Priorities USA also received $3.9 million from unions in the last weeks of the campaign.

The Times said Romney reported having $24.4 million cash on hand at the end of November and Obama reported having more than $14 million.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Kim Jong Un had terrapin farm manager executed, says source
More than 80 percent of North Korean defectors are women, says report
North Korea requests medical aid from U.N. agencies
Kenyan bishop warns Obama against pro-gay policy
Duma approves construction of $4 billion bridge to Crimea