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Big donors, bundlers boost Obama's fundraising

Records show that one-third of Barack Obama's campaign donors have made donations over $1,000, reports Michael Luo and Christopher Drew of The New York Times. While Obama claimed to forgo public financing due to his lucrative grassroots fundraising from small donors, he has a robust stable of "bundlers" — more than 500 — who have raised over $50,000 or more, and many of whom work in industries with strong interests in Washington. "An analysis of campaign finance records shows that about two-thirds of his bundlers are concentrated in four major industries: law, securities and investments, real estate and entertainment."

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