Obama Strikes Fundraising Deal with D.N.C.

Apr 25, 2008 1:56pm

ABC News’ Teddy Davis Reports: To help boost the Democratic Party’s coffers, Sen. Barack Obama’s, D-Ill., campaign and the Democratic National Committee (D.N.C.) are establishing a “joint fundraising agreement" which can raise up to $28,500 from individuals, most of which would go to the DNC.

"In regards to the D.N.C. and the joint fundraising agreement, it is something that we are moving forward with," said Obama deputy campaign manager Steve Hildebrand on a Friday conference call with reporters. "As we understand it, the D.N.C. has initiated those conversations with the Clinton campaign as well."

Hildebrand made his comments when asked about a report appearing on "The Page," the Time.com political website powered by Mark Halperin, Randy James, and  Katie Rooney. 

An adviser to Sen. Hillary Clinton, D-N.Y., tells ABC News that the D.N.C. and the Clinton campaign have discussed a joint fundraising agreement. 

The Clinton adviser notes, however, that the D.N.C. is further down the road with Obama.

Sen. John McCain, R-Ariz., the presumptive Republican nominee for president, has already formed such an alliance with the Republican National Committee (R.N.C.).

The McCain-RNC committee — called Victory — was created in March after the Arizona senator secured the GOP presidential nod.

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