After spending more than $450,000 this week to win one House race and lose another in Ohio, a Texas-based super PAC that claims to be taking nonpartisan aim at congressional incumbents is now dropping a money bomb on embattled Alabama Rep. Spencer Bachus.
In the last 48 hours, the Campaign for Primary Accountability (CPA) has filed reports for $153,267 in independent expenditures, almost all in Alabama. The group is spending to defeat two veteran members of Congress: five-term Rep. Jo Bonner and ten-term Rep. Spencer Bachus in the Tuesday primary. Most of CPA's spending takes aim at ...
Continue readingEmbattled financial services chairman hits up friendly industry for campaign dollars
Rep. Spencer Bachus, R-Ala., under investigation for possible violations of insider trading laws and facing a primary challenge over his close ties to the banking industry, will be seeking campaign help from that industry on Monday.
The Alabama Bankers Association is hosting a breakfast fundraiser at its offices, according to an invitation obtained by Party Time that highlights Bachus' position as the chairman of the Financial Services Committee. This election cycle, Bachus has raised more from the Finance, Insurance and Real Estate sectors than any other House member outside of leadership.
The ten-term congressman rose to become chairman of Financial ...
Continue readingFinance PACs Fill Financial Services Committee Freshmen Coffers
On March 16, the House Financial Services Subcommittee on Capital Markets & Government Sponsored Enterprises held a hearing to discuss... View Article
Continue readingFinancial Industry Showers House Financial Services Chairman With Contributions
Last year House Financial Services Committee Chairman Spencer Bachus, R-Ala., stated his philosophy on how the relationship between Washington and... View Article
Continue readingGroups Opposing Debit Card Rule Have PAC, Lobby Support
In the first two months of 2011 groups associated with a coalition opposing the implementation of new rules for debit... View Article
Continue readingCurrent and former officials intervene on billionaire’s behalf in battle with Peru
Facing a battle with the Peruvian government over a smelting operation that has caused severe environmental damage to a town... View Article
Continue readingToo Big To Fail: Is the financial sector too big in Washington?
Thomas Hoenig, the president of the Federal Reserve Bank of Kansas City, recently penned an op-ed in the New York... View Article
Continue readingNew Financial Services Committee members raise money from finance sector
Eight of the twelve new members chosen to take seats on the House Financial Services Committee can count the finance,... View Article
Continue readingIncoming finance committee chairman relies on finance campaign contributions
The House Republican Steering Committee voted on Tuesday to name all committee chairman for the incoming Congress. Their choice to head the House Financial Services Committee, the committee in charge of overseeing the financial sector and the government's implementation of new financial reforms, happens to be the member of Congress most reliant on contributions from the financial sector.
Contributions from the finance, insurance and real estate sector accounted for 62.5 percent of all contributions received by Rep. Spencer Bachus, the incoming House Financial Services Committee chairman, during the 2010 election cycle. These contributions amounted to $1.23 million out of a total $1.97 million that Bachus' campaign and political action committees raised.
Most House Republican members contributing to campaign committee
With expectations running high that they will take the majority in the House of Representatives, Republican House members are putting... View Article
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