12/29/2011 02:37 pm ET Updated Dec 29, 2011

President Obama To Return To Chicago For Jan. 11 Fundraisers

President Barack Obama is expected to return to his hometown of Chicago on Jan. 11 for a series of fundraisers to support his re-election effort, his campaign staff announced Thursday.

According to the Chicago Sun-Times, Obama's Chicago visit, his tenth since he was elected president, will include events at the homes of Fred Eychaner, a Newsweb Corporation chairman and media mogul, and Yvonne and Stuart Taylor, a Bear Stearns executive.

Meanwhile, Obama's Republican challengers are mired in caucus battles in Iowa and New Hampshire, which the Chicago Tribune points out lends a considerable early fundraising advantage to Obama over the ever-jockeying GOP field.

No further details about the president's Chicago fundraising appearances were available early Thursday afternoon.

First Lady Michelle Obama was last in Chicago to attend the funeral of the city's former first lady Maggie Daley in November. She also stopped by the Windy City in October for a fundraiser where tickets ranged from $100 to $10,000 -- a price which included a photo opp with the First Lady.

President Obama was last in town for a fundraiser at the Aragon Ballroom in Uptown in August and he kicked off his re-election effort at a massive event at Navy Pier in April. Tickets to the previous fundraisers ranged from $50 to $35,800 per person, the legal maximum.

While it had initially been rumored that Obama's re-election campaign was aiming toward a $1 billion fundraising goal, his campaign manager Jim Messina said Thursday that number was speculation and, essentially, "bulls---," the Washington Post reports.