The Obama campaign says the president will be meeting with about 25 supporters at each of the fundraisers. The intimate events are being held at an upscale hotel near the White House.
Tickets for both events cost $40,000 per person. The money is split between Obama's re-election campaign, the Democratic National Committee and several state Democratic parties.
The campaign says the fundraisers are closed to the press because Obama is not making formal remarks.
Obama is attending the fundraisers just hours after returning to Washington from a surprise trip to Afghanistan, where he signed a strategic partnership agreement outlining a long-term U.S. commitment to Afghanistan.
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