Obama Rakes in $86M for 2012

Here's a welcome bit of budget news for President Obama: He and the DNC raked in $86 million in the last three months for the 2012 election campaign, reports Politico. Of that, Obama's campaign took in $47 million, while some $38 million headed to the DNC's war chest. The total, which came from the pockets of 552,462 people who donated an average $69, far exceeded a combined goal of $60 million.

“We did this from the bottom up," said Obama campaign manager Jim Messina, who adds that the results show "more grassroots support at this point in the process than any campaign in political history.” What's more, the $86 million trounces the $35 million raised so far by Republicans, reports the AP—though it's worth noting that some candidates haven't announced their totals yet. (Click to read why Romney's $18 million haul has the GOP worried.)