07/11/2008 05:12 am ET Updated May 25, 2011

Obama Goes On Pricey Fundraiser Spree

In the wake of Senator Barack Obama's decision last month to bypass public financing for the general election, his campaign is embarking on a spree of pricey fund-raising events across the country.

As Mr. Obama shattered fund-raising records over the last year and a half and collected nearly $300 million, much of the attention has been on his army of small contributors over the Internet. He cited that broad base of small-dollar donors in justifying his decision to reverse his pledge to take part in the public financing system if his opponent did as well.

But Mr. Obama's stepped-up schedule of big-money fund-raisers -- the campaign has more than a dozen events planned over the next two weeks -- showcases a formidable high-dollar donor network that is gaining more heft with an influx of former supporters of Senator Hillary Rodham Clinton.

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