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Obama holds DC fundraiser for re-election campaign

President Barack Obama is raising about $1.5 million at a Washington fundraiser to benefit his re-election campaign.

Obama met with 25 supporters at the upscale Mandarin Oriental Hotel on Wednesday, a day after several fundraisers in San Antonio and Austin, Texas. Tickets for the event started at $60,000 per person.

The fundraiser was closed to reporters.

The Obama campaign says the proceeds will go to the Obama Victory Fund, a joint fundraising committee of Obama's re-election campaign, the Democratic National Committee and several state Democratic parties.

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