Obama Helps Dems Outpace GOP Fundraising

Reuters reports:

President Barack Obama and fellow Democrats beat Republicans in the race for campaign dollars during May, as the president stepped up fundraising ahead of the 2012 contest for the White House.

The Democratic National Committee pulled in $10.5 million, compared with $6.2 million raised by the Republican National Committee, according to monthly filings with the Federal Election Commission on Monday.

The 2012 election may be the priciest ever, with Obama potentially topping $1 billion in campaign contributions, up from $750 million raised for his successful 2008 bid. Recent court decisions are likely to unleash billions more in cash from outside interest groups.

Democratic figures include a $6.5 million transfer from the Obama Victory Fund.