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Obama campaign breaks billion dollar mark in fund raising

Obama campaign raised $1.037 bn while Romney campaign raised $950.7 mn

Press Trust of India  |  Washington 

The Obama Campaign, Democratic Party along with their joint fundraising group Obama Victory have now collectively raised more than a billion dollar mark this election cycle, setting a new fund raising record in the country's electoral history.

According to latest available figure, the Obama campaign have raised a record $1.037 billion. This is for the first time that any presidential candidate has raised more than a billion dollar in an election cycle.

According to FEC data compiled by the non-partisan Campaign Finance Institute, Romney campaign has raised $950.7 million.

Yesterday, Romney Campaign announced that it has raised $111.8 million in the first two weeks of October, while the Obama Campaign trailed behind with $90.5 million during the same period.

Political analysts are expecting that more than $2 billion would be spent in 2012 presidential election, thus making it one of the costliest presidential elections ever.

Till the end of September both groups had brought in $1.5 billion.

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First Published: Fri, October 26 2012. 09:56 IST