April 04, 2007 06:36 PM UTC

Obama Raises $25 Million

•  
• by: Colorado Pols

From The Washington Post

Democrat Barack Obama raked in $25 million for his presidential bid in the first three months of 2007, placing him on a par with front-runner Hillary Rodham Clinton and dashing her image as the party’s inevitable nominee.

The donations came from an eye-popping 100,000 donors, the campaign said in a statement.

The figure was the latest evidence that Obama, a political newcomer who has served just two years in the Senate, has emerged as the most powerful new force in presidential politics this year. It also reinforced his status as a significant threat to Clinton, who’d hoped her own $26 million first quarter fundraising total would begin to squeeze her rivals out of contention.

The campaign reported that the figure included at least $23.5 million that he can spend on the highly competitive primary race. The Clinton campaign has yet to disclose how much they can use for the primary verses money that is designated for the general election.

Jason Bane, Kevin McCasky, Kevin McCaskey