Obama raises cash at $40,000-a-ticket reception - WKOW 27: Madison, WI Breaking News, Weather and Sports

Obama raises cash at $40,000-a-ticket reception

WASHINGTON (WKOW) – President Barack Obama will meet with about 20 supporters on Wednesday who helped him raise about $800,000 for his re-election efforts.

Each supporter paid $40,000 to attend a reception at the W Hotel. The proceeds will go towards Obama's campaign, the Democratic National Committee and several state Democratic parties.

Obama's fundraising efforts are heightened now that former Massachusetts Governor Mitt Romney has emerged as the all-but certain Republican nominee. Former Pennsylvania Senator Rick Santorum suspended his campaign on Tuesday.

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