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Obama, Clinton Amp Up Fundraising

By Matthew Mosk
Both Hillary Clinton and Barack Obama are continuing their efforts to turn the burst of momentum each gained out of their respective early contest victories into cash.

Media experts estimate it could cost $40 million to wage even a targeted television ad campaign in the nearly two dozen states with Feb. 5 primaries, and so both candidates are shifting into overdrive to raise the needed funds.

Clinton has scheduled a D.C. donor briefing that will feature former president Bill Clinton, campaign chairman Terry McAuliffe and finance director Jonathan Mantz. And she has scheduled a second donor briefing in Los Angeles that she will personally oversee.

The Clinton campaign has also planned a round-table session for "Maxed Out Women" in Washington, also for next week, "to discuss how women's voices are helping to shape this election and how we can mobilize our collective efforts," according to an e-mail sent to top female donors to the Clinton campaign. Senior campaign advisers Guy Cecil, Minyon Moore and Lissa Muscatine will brief that crowd.

Obama, meanwhile, has moved to quickly capitalize on his Thursday endorsement from the 2004 Democratic presidential nominee, Sen. John F. Kerry. Kerry sent an e-mail Thursday night to those on his own donor list -- said to be one of the larger e-mail lists in the party, with more than 3 million names -- asking them to support Obama and providing a link to donate money. One bonus of that link for the Illinois senator is that anyone on Kerry's e-mail list who clicks the link will be added to Obama's list for future solicitations.

But the list is only half the story. Robert Crowe, a Boston attorney who is chief executive of WolfBlock Public Strategies and a longtime fundraiser for Kerry, said he was close to joining the Obama camp. He said he expected Kerry's endorsement to bring along a number of top Kerry donors. "We have a very good fundraising list," Crowe said. "We have lots of friends around the country that I'm sure are going to be helpful."

By Web Politics Editor  |  January 11, 2008; 4:23 PM ET
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