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NEWS ABOUT: campaign fundraising

BP's Biggest Recipient of Cash: Obama

President tops the 20-year list with $77K

(Newser) - Much like the stain of its oil creeping across the Gulf of Mexico, BP's cash flowed freely to politicians inside the Beltway—to the tune of some $3.5 million over two decades, reports Politico in a look at where the oil giant's dollars went. Add to that the $15.... More »

Oops: RNC Letter Had Phone Sex Number

Fundraising mailer makes embarrassing mistake

(Newser) - Not the best of weeks for the Republican National Committee and sex themes: A letter mailed out soliciting funds includes a phone number for a sex line. A recipient in Minnesota discovered the glitch when he called the number—not to contribute but to complain that the letter was designed... More »

Money Dries Up for GOP's Only Supporter of Health Reform

Louisiana Rep. Cao's fundraising down 40%

(AP) - The lone Republican lawmaker to support Democratic health care legislation has seen his fundraising drop by nearly 40% since his vote, forcing him to resort to a costly national fundraising operation as he burns through a dwindling bank account. Rep. Anh "Joseph" Cao, the unlikely congressman from New Orleans,... More »

Harry Reid Makes it Rain for Nevada Dems

Embattled majority leader flexes fundraising muscle

(Newser) - Harry Reid is still trailing badly in the polls in Nevada, but it’s not for a lack of money. The Senate Majority Leader is raising and spending cash at an unheard of pace, both for his own campaign and for other Nevada Democrats. Reid tossed state Democrats nearly $660,... More »

Mitt Romney, Sarah Palin Lead GOP Fundraising

He's got about $3M, and she's got $2.1M

(Newser) - Mitt Romney and Sarah Palin lead the pack of possible 2012 GOP presidential challengers when it comes to fundraising, with $2.9 million and $2.1 million coming in over the last year, respectively. Romney still had $1.1 million in the bank at the beginning of the year after... More »

Top GOP Fundraiser Mosbacher Dead at 82

Bush 41's commerce secretary helped grease the skids for NAFTA

(Newser) - Robert Mosbacher, a legendary GOP fundraiser who served as George HW Bush's commerce secretary, died of cancer today in Houston. The multimillionaire oilman was 82. Mosbacher, an influential NAFTA proponent, was "the shrewdest dealmaker I ever knew," Bush, a friend of half a century, said in a statement.... More »

SF Mayor Drops Out of Calif. Governor's Race

Newsom's decision makes Jerry Brown virtual lock for Dem nod

(Newser) - Citing his responsibilities as San Francisco mayor and as a new father, Democrat Gavin Newsom withdrew today from the race to succeed Arnold Schwarzenegger as California governor. Despite the heavyweight endorsement of Bill Clinton, Newsom has had trouble raising money; his departure leaves state attorney general, and former governor, Jerry... More »

Fundraising Looms Large on Obama's Schedule

President spends more time chasing donations thanks to McCain-Feingold

(Newser) - In between massive federal bailouts and health reform, President Obama has spent a lot of time rustling up cash for Democrats this year, with tonight marking his 26th fundraiser. George W. Bush, by contrast, headlined only six fundraisers in his first year. But that was before McCain-Feingold capped how much... More »

Dem Donor, Ponzi Schemer Hsu Gets 24 Years

(Newser) - Norman Hsu is a man of many hats, but the Hillary Clinton fundraiser extraordinaire, Ponzi schemer, and onetime fugitive has been sentenced to wear them in prison for the next 24 years. While significantly less than the 30 years prosecutors had asked for, Hsu’s lawyer tells the Wall Street ... More »

GOP Raises More Cash Than Dems in Aug.

Unusual spike gives minority party $1.7M more for the month

(Newser) - Republican campaign committees got a big fundraising bump in August, pulling in $1.7 million more than Democrats, despite being the minority party. “Republicans have been able to tap into some of the anger against Democrats in power and translate that into fundraising,” one analyst tells USA Today.... More »

Pols-Turned-Lobbyists Use Campaign Cash to Curry Favor

Turn donations into 'political slush fund'

(Newser) - When congressmen leave Capitol Hill for lobbying jobs, they take their unused campaign funds with them, then dole them out to other lawmakers to influence policy, USA Today reports. Such donations are legal—federal law permits ex-congressmen to keep campaign accounts active, donating the money to candidates, parties, and charities—... More »

Joe Wilson's Challenger Rakes in $200K

'You lie!' outburst pays off for SC Republican's Dem foe

(Newser) - Rep. Joe Wilson has apologized for his outburst during President Obama’s speech last night, but the South Carolina Republican can’t take back the money flowing into his Democratic opponent’s coffers, CNN reports. Rob Miller has pocketed $200,000 since Wilson cried “You lie,” and Internet-savvy... More »

Dem Fundraiser Charged in Citibank Scam

Obama, Clinton donor allegedly tried to bilk bank out of $74M

(Newser) - A major fundraiser for Democratic candidates, including Barack Obama and Hillary Clinton, was charged yesterday with using bogus documents to obtain a $74 million loan from Citigroup, Reuters reports. Hassan Nemazee, who did not enter a plea, faces up to 30 years in prison if convicted. Prosecutors say he forged... More »

Ron Paul's Son Raises $433K for Senate Run

Political newcomer borrows dad's tactics in online fundraising

(Newser) - Rand Paul borrowed a page from his dad’s playbook this week, raking in $433,509 in online donations in just 24 hours, reports CQ Politics. That’s may not approach the $6 million “money bomb” Ron Paul managed for his presidential run—or the $1 million Rand had... More »

Online Political Ads: Subject to Regulation, or Just a Link?

(Newser) - If online ads are the future of political campaigning, then a legal snafu in the St. Petersburg mayoral race bears watching. Florida election officials have ruled that one candidate’s Google and Facebook ads violate state election laws because they don’t clearly state who paid for the ad, the... More »

Dems' 'Monopoly' Helps GOP Hopefuls Raise Cash

(Newser) - As the 2010 election nears, GOP senatorial candidates are seeing a bump in campaign donations, the Washington Post reports. FEC filings show that in Florida, for instance, Charlie Crist pulled in $4.3 million in the second quarter, almost 4 times as much as his leading Democratic rival. Roy Blunt... More »

Republicans Don't Want 'Help' From Palin

Lawmakers facing tough 2010 battles think she'd hurt them

(Newser) - Sarah Palin may not spend much of her newfound free time campaigning: Many GOP lawmakers facing tough 2010 contests don't want to be associated with the soon-to-be-ex-governor, who they fear will galvanize liberals, the Hill reports. One anonymous Republican said that if Palin came to his district, his opponent would... More »

Democrats Dodge Obama's Lobbyist Ban

Money unwelcome at dinner with prez, OK at meeting tomorrow

(Newser) - Congressional Democrats have found a way around President Obama’s refusal to appear at events where lobbyists can make campaign contributions, Politico reports. Lobbyists won’t be able to donate at tonight’s fundraiser with Obama, but they’ll be more than welcome to do so tomorrow morning, at a... More »

'Snub Machine' Imperils Palin's National Hopes

Dis-organization costs former frontrunner GOP's respect: Parker

(Newser) - The Republican base still goes wild for Sarah Palin, but within the GOP, "the air is a little nippy," writes Kathleen Parker in the Washington Post. The back-and-forth over this week's DC fundraiser was only the latest example of bad organization and dysfunctional behavior within the Alaska governor's... More »

GOPers Spot End Run Around Election Law

FEC rule lets 1-man corporations pool their resources

(Newser) - A decision by campaign-finance regulators has a pair of GOP strategists hoping to skirt limits set by election law, Politico reports. The Federal Election Commission recently OK’d ad buys made by a solo activist’s one-man corporation. That gave the strategists an idea: Rich individuals could avoid rules against... More »

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