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Clinton, Obama Agree To Raise Money Together

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May 14, 2008 3:23 pm US/Central

Clinton, Obama Agree To Raise Money Together

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WASHINGTON (AP) ― Democratic presidential rivals Barack Obama and Hillary Rodham Clinton can agree on one thing - they want their party to have more money, no matter who is the nominee.

The Democratic National Committee announced Wednesday that it had signed agreements with both campaigns to begin raising money together.

As part of the agreement, donors can contribute up to $33,100 to the newly created Democratic White House Victory Fund. Most of the money will benefit whichever candidate becomes the nominee.

Officials at the DNC said Chairman Howard Dean has been working with both campaigns on the idea since February.

At the end of March, the DNC had $5.3 million in the bank, compared to $31 million for the Republican National Committee.

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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