Obama raises $29 million for campaign, Democratic Party in January

President Barack Obama raised $29.1 million for his campaign and for the Democratic Party in January, a strong fundraising month that put him ahead of the pace he set in the last quarter of 2011.

The month’s haul raises Obama’s total combined fundraising for this election cycle to about $250 million. In the last three months of 2011, he averaged about $23 million a month.