While the Republican establishment has deserted former Gov. Mark Sanford in his bid for South Carolina’s first district, a dedicated few are still giving thousands to his campaign at the 11th hour.
Continue readingFEC denies same-sex appeal
The question of marriage equality for same-sex couples became a campaign finance issue on Thursday, as Federal Election Commission members addressed the application of a little-known rule that allows someone to contribute to a federal campaign from the checking account of his or her spouse.
That way, a spouse with the lion's share of the income can effectively double his or her contribution without hitting the cap on how much individuals can give to each candidate.
Federal election commissioners at today's regular open meeting denied the request from Massachusetts Senate candidate, Dan Winslow, to treat donations from same-sex ...
Continue readingObama dedicates Bush library; will he disclose donors to his own?
As President Barack Obama attends today's dedication of the George W. Bush Presidential Center, he's mum about fundraising for his own post-presidential library -- and whether he'll disclose names of donors.
Continue readingDarkmarks: Are largest defense contractors benefiting from programmatic requests?
Of the roughly 1,040 Pentagon procurement programs–the $99.3 billion part of the Defense budget devoted to purchasing new equipment–some 212... View Article
Continue readingReal estate investment trusts increasing lobbying profile
As more businesses opt for a legal status known as "real estate investment trusts" (REITS) to qualify for tax breaks, they have an active champion in Washington, the trade group known as the National Association of Real Estate Investment Trusts.
The group may not have the name recognition of some of the larger financial lobbies, such as the American Bankers Association or the Real Estate Roundtable, but it has a very active lobbying profile, primarily on tax bills. This week the group, known as NAREIT, reported spending more than $1 million during the first quarter of this year, almost doubling ...
Continue readingMax Baucus announces retirement plans with $5 million in campaign bank account
The retirement of Senate Finance Committee Chairman Max Baucus comes as a surprise because the veteran Montana Democrat appeared to be doing everything necessary to prepare for a tough race in a Republican-leaning state.
Continue readingObama’s ‘voluntary’ inaugural disclosure left out some big corporate checks
President Barack Obama's second inaugural committee promised to disclose who underwrote the festivities, but a new campaign finance report reveals that the now-defunct website of the 2013 Presidential Inaugural Committee, omitted the names of two million-dollar corporate donors -- Boeing and Chevron -- among others.
Continue readingDemocratic establishment betting heavily on Colbert Busch upset in S.C.
The shifting political tides in a coastal South Carolina congressional district are vividly apparent from the first look at last-minute big donations to Mark Sanford and Elizabeth Colbert Busch, rival candidates for the House seat left vacant when Republican Tim Scott was promoted to the U.S. Senate earlier this year.
Under federal law, any donations of $1,000 or more made during the final days before the May 7 election must be reported to the Federal Election Commission. Over the weekend, both campaigns filed their first reports, and they showed the late money breaking strongly in favor of Democrat ...
Continue readingBig tech, big oil and defense help underwrite Obama inaugural
President Barack Obama raised more than $43 million for his second inaugural, including seven-figure donations from some of the nation's biggest tech, defense and energy companies, a report filed on Saturday with the Federal Election Commission shows.
The top donor to the 2013 presidential inaugural was AT&T, which gave $4.6 million in equipment and services. That single donation equalled more than all of the inaugural committee's smallest donors (those who gave $200 or less than therefore did not have contributions itemized in the FEC report) combined.
Other members of the seven-figure check club: Microsoft, which gave ...
Continue readingBillionaire green dumps at least $750,000 into Bay State special election
The super PAC funded by a former hedge fund manager turned environmental activist has made its latest move in the Massachusetts special Senate election, donating $250,000 to another super PAC run by the League of Conservation Voters, which supports the primary campaign of Rep. Ed Markey, D-Mass., according to Federal Election Commission reports.
Tom Steyer, a billionaire based in San Francisco, has shaken up the race by giving at least $750,000 to the NextGen super PAC, to which he is the sole donor so far. Steyer's ire is aimed at Markey's opponent, Rep. Stephen Lynch, D-Mass ...
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