Obama raises money for re-election bid

December 7, 2011 - 5:16 PM

WASHINGTON (AP) — President Barack Obama is meeting with a small number of donors at a fundraiser to benefit his re-election bid.

Democratic Party officials say about 20 people are expected to attend the fundraiser at a downtown Washington hotel. Tickets are $35,800 a person and the money will go to the Obama Victory Fund, a joint fundraising account by the Democratic Party and Obama's re-election campaign

The White House says the event will be closed to the media because the president does not intend to make formal remarks.

Obama has raised more than $150 million through the end of September for his campaign and the Democratic National Committee.