President Barack Obama meets with members of his cabinet in the Cabinet Room of the White House in Washington, Thursday, July, 26, 2012. From left are, Interior Secretary Ken Salazar, Secreatry of State Hillary Rodham Clinton, the president and Defense Secretary Leon Panetta. (AP Photo/Pablo Martinez Monsivais)

WASHINGTON (AP) — President Barack Obama is raising $1 million for his presidential campaign at a fundraiser near the White House.

Twenty-five supporters each paid $40,000 to meet with the president at a Washington hotel. The event is closed to the media.

Obama will also raise more money for his campaign later Friday at two events in suburban Virginia.

The events cap a week in which the president tapped donors in four states: California, Oregon, Washington and Louisiana. His estimated total from that fundraising swing was at least $7 million.

Copyright 2012 The Associated Press.