WASHINGTON -- President Barack Obama set a high bar for 2012
presidential campaign fundraising after reporting a haul of $46
million in his second quarter campaign finance filings released on
Friday. The president's campaign is, yet again, relying on a mix of
small-dollar donors and big-dollar bundlers to pay for a campaign that
experts project will raise a total of close to $1 billion. Obama's
closest competitor in the money race is former Massachusetts Governor
Mitt Romney, who raised $18 million in the second quarter.

Obama's campaign pulled in 47 percent of its contributions from donors
giving less than $250, an indication that the president still has the
support of the donor base that drove him to victory in 2008.