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WASHINGTON — President Barack Obama’s campaign raised $42 million in the final three months of 2011, besting his Republican rivals and matching where President George W. Bush was at the same point in his re-election bid.

In an e-mail to supporters Thursday morning, Jim Messina, Obama’s campaign manager, reported that the Democratic National Committee also raised an additional $24 million during the quarter, for a combined total of $66 million that can be used for the campaign.

Mitt Romney, the leading contender in the Republican contest, raised $24 million in the final three months of last year and a total of $56 million since he entered the race last summer.