President Obama launches re-election campaign

To no one’s surprise, Barack Obama announced that he is to seek re-election as president in 2012. In his opening message, he called for a big push on fund-raising, and some analysts reckon he might raise as much as $1 billion, shattering all records. Only one serious Republican candidate has so far entered the race for that party’s nomination.

Adopted from The Economist

Vocabulary

called for	demanded
push	a determined effort
reckon	think
shattering	breaking
Republican	a member of the Republican Party of the US
race	contest