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April 24th, 2012
01:08 PM ET 
Romney to hit New York fundraising circuit

CNN Political Producers Kevin Bohn and Rachel Streitfeld

Washington (CNN) – Beginning Wednesday, Mitt Romney will hit the New York fundraising circuit as his campaign hopes to make a dent in the large cash advantage enjoyed by the Barack Obama re-election team.

The president's re-election campaign has about a 10-1 advantage ($104 million to $10.1 million) over Romney when looking at campaign cash on hand, according to recently filed reports.


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The major event on tap is a breakfast Thursday morning in Manhattan, with an audience of approximately 1,000 donors. The reception will feature a cross-section of donors - from Wall Street and the financial sector as well as the legal community and others - instead of a concentration from one sector, according to a source familiar with the event.

Proceeds from the breakfast will go to the Romney Victory fund, a new coordinated effort between the campaign and the Republican National Committee. Donors to the fund can legally give up to $75,800, because proceeds can benefit not only the Romney team but also the RNC and state parties.

Over two days, according to a campaign aide, Romney will attend six fund-raisers in New York and New Jersey. One of those will be Wednesday at a private home, and will benefit New Jersey Republican senatorial candidate Joe Kyrillos.

"Each fund-raising event is important as we go towards the general election. He has been having much success in fund-raising," said Phil Rosen, a major Romney contributor and co-host for the breakfast event. "There are two pieces of the puzzle: Extreme dissatisfaction with President Obama. Second part: giant appeal of Gov. Romney on all aspects of the presidency."

Besides the major breakfast, the other campaign fund-raisers are smaller lunches and dinners.

In total it is estimated Romney will bring in at least a million dollars for the campaign from the New York events and possibly more, according to a source familiar with the events.

Romney is expected to have a busy fundraising scheduled over the next month according to published reports showing him attending at least six money events. Several of them scheduled to coincide with primaries in the upcoming states of Indiana and Nebraska. Since Romney will still need delegates to formally capture the Republican nomination, he will still have to make campaign appearances in upcoming contest states.

"My belief he will not have issues raising money as he goes forward," said the donor Rosen, co-chairman of the Republican Jewish Coalition.

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