Obama Raises $45 Million In February For Campaign

President Obama raised $45 million for his re-election bid in February, bringing his total to about $300 million for this election cycle, his campaign said Monday.

Obama increased fundraising efforts during the month, collecting nearly twice as much as the $23 million per month average he raised during the final three months of 2011 and more than the $29.1 million he raised in January. The money was spread among Obama's campaign, the Democratic party and two campaign funds.

Obama's campaign said nearly 350,000 people contributed in February, and the average donation was about $59 for the entire election cycle. Nearly 98 percent of the donations were $250 or less.

The fundraising reports were being filed ahead of a Tuesday campaign finance deadline for presidential campaigns.

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