Dem Donations Hit Record High

The race for the presidency is crowded, but that isn't stopping candidates from raising huge sums of money, the Washington Post reports. The power of the internet to raise cash from both grassroots supporters and wealthy donors is credited with helping Hillary Clinton and Barack Obama raise over $100 million each in 2007. It's the first time in history two candidates have passed that benchmark before a primary.

"It's unprecedented," said a Democratic fundraising veteran. "The amounts just keep growing. I don't know if there is an upper limit." GOP hopefuls lag the Dems in online fundraising efforts, although Texan outsider Ron Paul broke records by pulling in $6 million in a single day in December and flirting with $20 million in the fourth quarter, Bloomberg reports. (More Election 2008 stories.)