Of all the outside spenders who filed monthly reports Thursday with the Federal Election Commission, the super PAC founded by veteran Republican strategists Ed Gillespie and Karl Rove, has by far the biggest stockpile of cash: more than $32 million. The intriguing question: Will Crossroads, which has spent $25 million so far opposing President Barack Obama's reelection, continue to invest in the presidential race, or ...Continue reading
CHARLOTTE, N.C. -- If there were millionaires at Tuesday's happy hour for prospective donors of the three major super PACs backing congressional Democrats and President Obama, they were not the recognizable backers of the groups. And there was not much exclusive about the affair.
At the door of a cozy, downtown bar a short walk from the site of the Democratic Party’s convention, an employee checked off names of attendees on an iPad. But he did not seem to stop anyone, and so this reporter walked on through the door.
The event was one of several being hosted ...Continue reading
New York Times Editorial Page Editor Andrew Rosenthal just blogged about the Obama campaign’s recent letter to the FEC, calling... View ArticleContinue reading
The Federal Election Commission is trying to get some of the country's top super PACs to be more open about where they spent their money -- and is getting shrugged off by the super PAC supporting Mitt Romney.
This year, the normally quiescent FEC dinged six of the nation's top 11 spending super PACs, some multiple times, for not disclosing the states in which they aired political ads during the presidential primary and caucus season, one of the requirements on spending reports related to elections. In response, the super PAC supporting Mitt Romney, Restore Our Future, challenged the FEC ...Continue reading
There's always been ways for big money to find its way into politics, but one of the changes ushered in by the super PAC era is the opportunity to flaunt it.
Instead of having to spread their influence around in donations to various committees, deep-pocketed donors can now show their influence with a flourish, writing seven figure checks -- like the $1 million one, filings with Federal Election Commission made over the weekend show, that the National Air Traffic Controllers union gave last month to Priorities USA Action, the super PAC backing President Obama's reelection bid, or the $2 ...Continue reading
New rules requiring greater online disclosure of political TV advertisements in the country's top 50 markets wouldn't have applied to the majority of ads aired by the Obama campaign during an 11 day period in April, according to a new analysis.Continue reading
Obama and Priorities USA fundraising paths often cross.
Although super PACs are not allowed to coordinate with candidates when it comes to campaign spending, the Federal Election Commission has determined that it's permissible for candidates to raise money for the super PACs supporting them.
With that in mind, Sunlight analyzed President Obama's campaign fundraisers and cross-referenced them with the locations of donors to the Priorities USA Action super PAC, which supports Obama.Continue reading
It's not every businessman who has the vice president of China personally sign off on his latest venture, but then Jeffrey Katzenberg, the CEO of Dreamworks Animation and a prolific Democratic donor, isn't every businessman.
The Hollywood titan is also a prolific Democratic donor, who has introduced President Barack Obama at fundraisers in tony locations, bundled at least $500,000 for Obama's 2008 campaign and promised to bundle as much in 2012, and, after contributing $30,8000--the maximum he's allowed to give--to the Obama Victory Fund, he wrote a $2 million check to the super PAC ...Continue reading
Just when you thought you had the shadowy world of super PACs figured out, here comes a new twist: Three big Democratic super PACs -- formed to support President Barack Obama, and House and Senate Democrats -- are banding together to form the first ever joint fundraising super PAC.
The three, which registered their joint committee with the Federal Election Commission last week, are among the largest super PACs, in terms of contributions to their committees. They've raised a combined $10 million for the 2012 election so far. But that figure looks less impressive when compared with the haul of some ...Continue reading