Clinton and Obama Set Fundraising Record in Presidential Race

WASHINGTON (AP) -- Democrats Hillary Rodham Clinton and Barack Obama will have raised more than $100 million in the past year for their presidential campaigns -- setting a historic threshold.

Obama's campaign indicated it's reached that record-setting mark in a presentation to supporters. Obama's campaign manager said they'd need "at least $100 million" to compete in the first 26 primary and caucus states. And he said Obama will have those resources.

Neither the Clinton nor the Obama campaigns revealed how much of the money raised was designated for the primary and how much was for the general election.

Last night at midnight was the deadline for the fundraising quarter. Campaigns won't have to make details of their fundraising public until January 31st, when they file reports with the Federal Election Commission.

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