Friday, May 25, 2012

Obama, Dems redoubling money efforts to keep edge

FILE - In this May 21, 2012 file photo, President Barack Obama speaks at a news conference in Chicago. President Barack Obama and his party are redoubling their fundraising efforts. They're doing it in the wake of robust hauls by rival Mitt Romney and a slew of GOP-leaning super PACs that are raking in cash from Republicans highly motivated to topple the Democrat. (AP Photo/Kiichiro Sato, File)

FILE - In this May 21, 2012 file photo, President Barack Obama speaks at a news conference in Chicago. President Barack Obama and his party are redoubling their fundraising efforts. They're doing it in the wake of robust hauls by rival Mitt Romney and a slew of GOP-leaning super PACs that are raking in cash from Republicans highly motivated to topple the Democrat. (AP Photo/Kiichiro Sato, File)

(AP) ? President Barack Obama and his party are redoubling their fundraising efforts. They're doing it in the wake of robust hauls by Republican rival Mitt Romney and a slew of GOP-leaning super PACs that are raking in cash from party faithful who are highly motivated to topple the Democrat.

Obama still has a significant edge, but it's shrinking rapidly.

That explains why the president is plunging back into fundraising on Wednesday with a series of events in Denver and California's Silicon Valley. He's looking to stockpile cash to pay for his coast-to-coast organization, advertising to promote his message and get-out-the-vote operations in key states.

Associated Press

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