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DNC Gets Creative on Fundraising

Obama is still the fundraising king, but Clinton has done quite well also. This is another sign that the nomination process is winding down.

I'm not sure how Clinton will benefit from this, and whether it will help her retire her debt, but I wouldn't be surprised if some money flows back for that purpose.

Democratic presidential rivals Barack Obama and Hillary Rodham Clinton can agree on one thing - they want their party to have more money, no matter who is the nominee.

The Democratic National Committee announced Wednesday that it had signed agreements with both campaigns to begin raising money together.

As part of the agreement, donors can contribute up to $33,100 to the newly created Democratic White House Victory Fund. Most of the money will benefit whichever candidate becomes the nominee.

Officials at the DNC said Chairman Howard Dean has been working with both campaigns on the idea since February.

At the end of March, the DNC had $5.3 million in the bank, compared to $31 million for the Republican National Committee.


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Publisher: Kevin Aylward

Editors: Lee Ward, Larkin, Paul S Hooson, and Steve Crickmore

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