Obama, Democratic Party Close to Fundraising Deal for General Election

[TeamJordan23]

Sorry Hillary, but its time to look forward

Obama-DNC Fundraising Deal

After a series of discussions, the Obama campaign and the Democratic National Committee have decided to file papers with the Federal Election Commission establishing a “joint fundraising agreement.” Under the law, such a committee can accept up to $28,500 from individuals, most of which would go to the DNC.

Presumptive Republican nominee John McCain has already formed such an alliance with the Republican National Committee. Their group — called “Victory” — was created in March after McCain clinched the GOP nomination and is headed byMcCain adviser Carly Fiorina.

Sources say the DNC has also held talks with Hillary Clinton’s campaign about forming a separate vehicle with her, but that no deal has been struck.

The fact that the Obama campaign is moving forward and Clinton is not at this time reflects certain important realities: Obama’s team is more confident that he will win the nomination than is Clinton’s — and Obama’s campaign has the necessity and luxury of thinking about and planning for the general election to come.

As part of that preparation, the campaign is thinking about how to divide up roles and responsibilities between the campaign’s Chicago headquarters and the DNC in Washington.

The DNC has stood out during this election cycle as the one major party entity that has not been raising money like gangbusters, and officials in both camps hope the joint agreement can allow the DNC to tap into Obama’s extraordinary leverage and popularity with donors, particularly after he secures the nomination — assuming he does.

The committee formed under the agreement is still in search of a final name.

http://thepage.time.com/obama-dnc-fundraising-deal/