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Trump posts $42 million in huge first quarter fundraising haul

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Trump raised two and a half times more than Obama in his first quarter as president. (AP Photo/Alex Brandon)

President Trump has raised more than $42 million in the first quarter of 2017 for his 2020 re-election bid, outpacing his predecessor's donations by two and a half times.

Trump raked in $42.6 million between the Republican National Party and two joint fundraising committees from Jan. 1 through March 31. Former President Barack Obama and his Democratic counterparts raised $15.8 million in the first quarter of his first term in 2009, according to new Federal Election Commission filings and party officials.

The majority of donations were $200 or less and flowed in from email solicitations to support Trump's agenda.

However, Trump and his fundraising groups received 250,000 contributions from new donors.