A Super PAC launched by former U.S. Senate candidate Sharron Angle reported nearly $13,000 in contributions for the first six months of the year, with more than half -- $7,500 -- coming from Angle's campaign committee.
The $7,500 contribution was the only itemized receipt listed on the group's mid-year report, meaning that the rest -- about $5,440 -- came from donors who have contributed less than $200 so far this year.
While Super PACs, or independent-expenditure-only committees, are prohibited from contributing to federal candidates and committees, there is no rule against candidates or committees giving money to ...Continue reading
FEC proposes rule to allow federal officeholders, candidates to appear at Super PAC fundraisers
In response to a request by a pair of Democratic Super PACs, the Federal Election Commission has proposed a new rule that would allow members of Congress, federal candidates and national political party officials to appear and speak at fundraisers for independent expenditure-only committees, or Super PACs, but would bar them from asking corporations, labor unions or individuals for the unlimited contributions that fueled the spending of these outside groups in the 2010 election cycle.
The FEC issued the proposed rule, which will be considered at a commission meeting on June 30, after James Bopp Jr., the conservative lawyer who ...Continue reading
Democratic Super PAC raises individual, union, corporate and Super PAC contributions
The House Majority PAC, one of the two Democratic Super PACs currently seeking permission from the Federal Election Commission to have federal candidates and party officials solicit funds for them, has disclosed its first batch of donors in the 2012 election cycle. Among the big givers are stalwart Democratic donors, including unions like the American Federation of State, County and Municipal Employees ($200,000) and the Communications Workers of America ($50,000), individuals like Fred Eychaner ($100,000) and George Soros ($75,000), trial law firm Kazan McClain Lyons Greenwood & Harley ($10,000), tech company Integrated Archive Systems ($25,000 ...Continue reading
Sharron Angle launches Super PAC
Former senatorial candidate and tea party favorite Sharron Angle, who lost her bid to unseat Senate Majority Leader Harry Reid, D-Nev., in 2010, has launched her own independent expenditure-only committee, Our Voice PAC.
On its home page, Our Voice PAC says it was formed in response to the launching of a Super PAC to support Senate Democrats. "Reid has taken steps to create a super-PAC (Majority PAC) modeled off of his successful smear-based political operation in Nevada," the site explains, "to make sure he stays in power. That is why Sharron Angle is launching Our Voice PAC."
The contribution ...Continue reading
Financial Bailout: Nothing specific
When I read accounts like this, I'm not surprised that Congress has such low approval ratings:
Senate Majority Leader Harry Reid, D-Nev., pressed for passage, with the alarming news that one of the country's premier insurance companies was about to go bankrupt if the crisis was not quickly resolved.
"We don't have a lot of leeway on time," Reid told reporters in the Capitol. "One of the individuals in the caucus today talked about a major insurance company -- a major insurance company -- one with a name that everyone knows that's on the verge of going bankrupt ...Continue reading