Updated

ABC News says that Barack Obama raised more money for the primary race in the first quarter than Hillary Clinton.

Campaigns have been collecting $2,300 contributions for the primary and $2,300 for the general election. So a portion of each candidate’s total has to be set aside for next year and cannot be spent. Obama raised $25 million in the first quarter, and $23.5 million can be spent in the primary. Clinton raised $26 million, and sources told ABC that about $20 million can be spent on the primary.

But Clinton still is expected to have far more in the bank than Obama, as she also transferred $10 million from her Senate re-election coffers into her campaign account.

Campaigns are now setting fund-raising dates for the second quarter.

Obama’s next Hollywood event is expected to be at the end of the month, after he attends the California Democratic Party’s convention in San Diego. Producer Lawrence Bender plans to hold a fund-raiser for him, as do several others in the entertainment industry, but nothing has been set and finalized.

On Wednesday, Bender said of the amount that Obama raised, "It’s amazing. None of it comes from PACs or special interests. It just shows that people are looking for something new and something exciting."

So the question is: Who is the front-runner and who is the underdog?

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