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Obama, Romney surpassed $2 billion in campaign fundraising

(MCT) — WASHINGTON — President Barack Obama and Mitt Romney shattered spending records during their 2012 campaigns, eclipsing $2 billion in fundraising, the campaigns disclosed Thursday.

Obama, who surpassed $1 billion in mid-October, added $111 million to his campaign and affiliated committees in the final 2 ½ weeks of the campaign, according to a campaign official. In all, the president raised $1.1 billion for his re-election effort.

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