Mark Cresston News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Welcome back. time for a cnn political update. cnn's senior political editor, mark cresston, joins me from washington. the president is headed home to his hometown. >> he is. always nice to go home, specially when you're going to thereby for fund-raisers. randy, they're saying president obama might have to spend upwards of $1 billion to win re-election in 2012. the only way he's go doing that is if he starts asking for money. tonight, out in chicago for fund-raisers. a larger event with about 2,000 people that will abtending. now the ticket price to attend events range anywhere from $100 up to...

Again, this is all for 2012. if it's $ 1 billion, he needs to raise a lot of money. >> i understand some of it comes from small donations mainly. >> yeah. you know, he really did a great job in 2007-2008 of cobbling together a great support from small dollar donors, people who give $25, $50, $100 as well as huge donors who give up to $35,800 at a whack. president obama is reaching out to young people, and deep pocket donors. new york, los angeles, san francisco, chicago, all really gold mines for democrats when raising money. a lot of money in those cities. >> all right. thank you, mark. nex...