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NEWS ABOUT: campaign fundraising

Candidates Thank Big Donors With ... Fancy Titles

Give Rick Perry $50K and you're officially a "Pilot"

(Newser) - Consider yourself a Patriot? Not until you’ve given Rick Perry $500,000. If you’re a little less flush, you can be an Entrepreneur for $250,000, an Explorer for $100,000, or a Pilot for $50,000. Perry’s not the only one handing his donors special titles... More »

Rick Perry's Texas Donors Living Large

'Los Angeles Times' analysis finds dozens of examples

(Newser) - Rick Perry has raised $102 million as Texas governor over the last 10 years, and $37 million of that comes from just 150 individuals and couples—nearly half of whom have enjoyed business contracts, appointments, or tax breaks under Perry. A Los Angeles Times analysis found dozens of examples, from... More »

Obama's '08 Fundraisers Flee 'Machine'

Democratic veterans take over fundraising process

(Newser) - Many of the core grassroots supporters who raised big money for Barack Obama's presidential run in 2007 and 2008 are gone now, disillusioned and dissatisfied by his presidency, replaced by professional Democratic Party operatives, reports Politico . “It’s a political machine now,” says a Washington State biotech... More »

Gingrich Campaign $1M in Debt

More than $100K of that is legal fees

(AP) - Newt Gingrich's presidential campaign is more than $1 million in debt, according to his campaign disclosure provided to the AP today. The former House speaker's campaign raised $2.1 million since he got into the race earlier this year. But he spent $1.8 million, and listed $1.... More »

Obama Rakes in $86M for 2012

Cash for his re-election bid pouring in, again riding on small donors

(Newser) - Here's a welcome bit of budget news for President Obama: He and the DNC raked in $86 million in the last three months for the 2012 election campaign, reports Politico . Of that, Obama's campaign took in $47 million, while some $38 million headed to the DNC's war... More »

Romney Rakes In $18M—and That Worries the GOP

Obama is clobbering Republican candidates in money race

(Newser) - Fundraising reports are starting to trickle in from the GOP presidential field, and the results look great—for Barack Obama. Even Mitt Romney’s vaunted money machine collected only $18 million in the first true quarter of fundraising, a big step back from his 2008 showing, Politico reports. The results... More »

Newt Gingrich Pulls in $2M, Still $1M in Hole

But 'ship is starting to right itself,' says spokesman

(Newser) - The good news for Newt Gingrich: His faltering campaign pulled in about $2 million in the second quarter. The bad news: He's still about a million bucks in the hole. That puts him in a tough spot to compete in Iowa, notes Politico, though the former House speaker has... More »

Obama Romancing 'Fat-Cat' Donors

And, simultaneously, not-so-rich ones

(Newser) - President Obama's 2012 machine is revving up early, and his campaign is using all its assets to pull in wealthy donors—while also courting the small Internet donors that fueled his grass-roots machine in 2008. The Washington Post takes a long look at the fundraising push, which has included... More »

Newt's Top Fundraisers Call It Quits

Gingrich campaign to continue 'as committed as ever'

(Newser) - Newt Gingrich’s campaign woes keep piling up: Now two top members of his finance team have departed. Fundraising director Jody Thomas and fundraising consultant Mary Heitman follow 16 other aides who left this month. His press chief says the campaign is "as committed as ever" and spins the... More »

Fatcat Obama Bundlers Score Gov't Jobs, Contracts

About 80% of those who gave $500k or more now in administration

(Newser) - President Obama’s White House is packed with his top campaign fundraisers, which probably shouldn’t be too surprising—because mega-bundler Donald Gips was in charge of hiring them, according to a new investigation from iWatch News . Gips, the former head of Level 3 Communications, bundled $500,000 for Obama.... More »

Empty Seats Abound at Obama's Fundraiser

Event draws 980, one protester

(Newser) - President Obama held a relatively cheap fundraiser in Florida last night, and Politico wasn't impressed with the turnout. Obama filled around 980 seats in the 2,200-seat Adrienne Arsht Center for Performing Arts, leaving the entire top level empty. Tickets cost $44. One Democratic official downplayed the turnout: “... More »

For 2012, Obama Wants 'Fat Cats' Back on His Side

The president reaches out to Wall Street donors

(Newser) - President Obama—who famously angered Wall Street executives by calling them “fat cats,” the New York Times reminds us—is now courting those same executives in his quest for re-election campaign contributions. He kicked off the push by hosting two dozen of them, many longtime donors, at the... More »

Obama Hawking Birth Certificate T-Shirts

'Made in the USA' they snarkily proclaim

(Newser) - Now that he's finally put the birther conspiracy to rest, President Obama has decided to rub it in a little. His campaign is selling snarky T-shirts that say "Made in the USA" on the front and have the president's long-form birth certificate on the back, Politico observes.... More »

Newt Donors Head for the Hills

His criticism of Paul Ryan spooks the base

(Newser) - Newt Gingrich’s vaunted money machine appears to be breaking down in the wake of his Meet the Press appearance, in which he called Paul Ryan’s Medicare plan “right-wing social engineering.” (You can see the video here .) “The last 48 hours have called into question... More »

Mitt Romney Raises $10M in One Day

Donors hope to intimidate rivals with show of financial muscle

(Newser) - Mitt Romney flexed his financial muscle yesterday, raising $10.25 million in a one-day call-a-thon. “That’s a terrific start,” Romney told reporters, adding, “Actually, it’s more than just a start—it really gives us the boost that we need.” It’s also the kind... More »

Obama Relying on Gay Donors for 2012

Because some big money donors aren't showing up

(Newser) - Barack Obama’s 2012 campaign is hoping gay donors can fill the holes left by the big-money interests that are deserting it. Gay donors have been showing their gratitude for the repeal of Don’t Ask, Don’t Tell and Obama's abandonment of the Defense of Marriage Act, and... More »

Hedge-Fund Tycoons Ditch Obama for GOP

They feel betrayed by president's tough talk

(Newser) - Daniel Loeb used to be one of Barack Obama’s biggest supporters, but these days he’s raising huge piles of money for Republicans. Why? Well the president appears to have hurt his feelings, the Wall Street Journal observes. “I am sure, if we are really nice and stay... More »

Obama to Launch 2012 Campaign: Could Be First $1B Run

President expected to file formal papers on Monday

(Newser) - President Obama will make it official next week, reports Lynn Sweet at the Chicago Sun-Times : He's running for re-election. The president is expected to file his papers with the Federal Election Commission as early as Monday to be a 2012 candidate, a move that will allow his camp to start... More »

Plans for Madonna's Malawi School Collapse

Her charitable foundation pulls plug amid financial mess

(Newser) - A plan spearheaded by Madonna to build a $15 million school for impoverished girls in Malawi has been officially scrapped amid charges that the people running the project on her behalf squandered millions, reports the New York Times . In addition, the foundation Madonna founded with other Kabbalah devotees, Raising Malawi,... More »

GOP Fundraiser Indicted in $200M Ponzi Scheme

Timothy Durham allegedly defrauded more than 5,000 people

(Newser) - Prominent GOP fundraiser Timothy Durham was arrested early this morning on allegations that he’d defrauded more than 5,000 people out of more than $200 million in a giant Ponzi scheme, the New York Times reports. The 48-year-old West Hollywood man also donated more than $800,000 to the... More »

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