Obama Campaign Raises $68 Million For Re-Election, The Democratic Party

President Barack Obama raked in more than $68 million combined for his re-election campaign and the Democratic Party during the final three months of 2011, gearing up for a formidable challenge against his Republican opponent later this year.

The large fundraising quarter helped Obama's campaign and the Democratic National Committee surpass $220 million in 2011, bankrolling the president's re-election campaign as Republicans settle on a nominee. Republican frontrunner Mitt Romney raised $56 million for the primary through Dec. 31, his campaign announced Wednesday, far outpacing his GOP opponents.