Rahm 'Quits' as Obama Chair to Raise Cash
As reports indicate Romney has raised $100M again
By Kevin Spak,  Newser Staff
Posted Sep 5, 2012 10:30 AM CDT
Chicago Mayor Rahm Emanuel points to delegates at the Democratic National Convention in Charlotte, NC, Sept. 4, 2012.   (AP Photo/Lynne Sladky)
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(Newser) – Rahm Emanuel is officially resigning his role as an honorary Obama campaign chairman so that he can kickstart a major fundraising initiative to win big-money contributions for Democrats around the country, the Washington Post reports. Emanuel was a renowned fundraiser before running for office, and was one of the first to push Democrats to form a super PAC, when most in his party were advocating taking the high road. He's "helping, not running” super PAC Priorities USA, Emanuel said today. “I’m going to help where I can to get the president re-elected, and this is where I can probably be most helpful in the final days.”

The Romney campaign told top donors last week that they expected to raise $100 million for the third month in a row, sources tell the Wall Street Journal—and that's not counting the GOP super PAC edge. Republicans are dominating thanks largely to big donations from the financial sector—the cycle has already seen a record number of donations over $1 million.