President Barack Obama raised $29 million for the Democratic party and his campaign in January, as the strong month put him ahead of the pace that he set in the last quarter of 2011, The Associated Press reported.
According to the news outlet, the campaign for the President announced that Obama raised the money through the Victory Fund for his re-election effort, for the Democratic National Committee and other related committees.
The money that was raised in January brings Obama’s total combined fundraising for this election cycle to roughly $250 million, an average of nearly $23 million a month.
The AP reported that fundraising concluded before the campaign’s announcement this month that, in a reversal of policy, the President would embrace the big-money groups in fundraising that he had once criticized.
CBS News reported that a Tweet sent by the President’s Twitter account noted that of the donations from January, 98 percent of them were for $250 or less. Obama raised $68 million in the fourth quarter of 2011, significantly more than any Republican during that period.