06/15/2010 05:12 am ET | Updated May 25, 2011

Obama Ramps Up Fundraising Efforts Ahead Of Midterm Elections

President Obama is raising campaign cash at a "ferocious" pace, according to a report from the Los Angeles Times on Wednesday.

While the president's fundraising efforts haven't been as widely publicized as his policy initiatives in recent weeks, he has been actively wooing Democratic donors as he helps candidates across the country raise money ahead of the November elections.

The Wall Street Journal reports, "The president is entering the political season in earnest this month, hoping to energize Democratic voters, raise truckloads of cash and stave off potentially dramatic Democratic losses in the fall."

This morning, the president is holding a fundraiser at the home of Gloria Estefan in Florida. The price tag to attend the event at the star's 15,547 square-foot mansion: $30,400.

Obama's stop in Florida today is only the first of multiple trips outside the Beltway he has planned in upcoming weeks. According to the White House, President Obama has a demanding fundraising schedule ahead of him through Election Day in November.

Next week, the president will visit another political battleground when he stumps for Sen. Barbara Boxer (D-Calif.) in Los Angeles. Joe Garofoli at the San Francisco Chronicle quips, "He's coming to LA to shake more money out of Hollywood's pocket."

Will President Obama's fundraising efforts pay off in the end and help wield off Democratic losses in November? The Los Angels Times reports:

It is too early to tell whether the healthcare success will provide lasting momentum for Democratic fundraising. But party officials were heartened by one early measure. The fundraising totals from March show the DNC outraised its Republican counterpart by about $1.6 million. Given that healthcare passed with 10 days left in the month, Democrats see this as a hopeful sign.