CHICAGO (CBS) — President Obama, who turns 50 this week, has scheduled a trip to his hometown of Chicago on Wednesday to raise additional cash for his campaign fund and other Democrats.

Obama is expected to make remarks during an evening fundraiser and concert at the Aragon Ballroom featuring singer Jennifer Hudson, Herbie Hancock and the rock group OK Go. Proceeds will go to the Obama Victory Fund 2012, a joint fundraising committee authorized by Obama for America and the Democratic National Committee, Obama’s re-election campaign said.

A VIP dinner at the Aragon will cost donors as much as $35,800 per ticket, FOX News and the Chicago Tribune reported. Concert tickets on the low end will start at $50 each.

Obama’s visit was earlier was in doubt because of the debt-ceiling impasse in Washington. Eleventh-hour negotiations over the weekend yielded a reported compromise, giving the president greater leeway for the trip to Illinois.

Obama turns 50 on Thursday.

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