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NEWS ABOUT: political donations

Health Bill Author Baucus Reaps $1.5M From Industry

Finance chairman raked in donations while crafting measure

(Newser) - It's no secret that Capitol Hill is awash in money from the health-care industry but the amounts involved are far larger than many realize, according to a new report from a watchdog group. The Sunlight Foundation found that many senators—especially Montana Democrat Max Baucus, chair of the Senate Finance... More »

Court Rescinds Cap on Political Spending by Nonprofits

Emily's List wins ruling on 'soft money'

(Newser) - A federal appeals court today rescinded FEC limits on “soft money,” the Washington Post reports. The federal regulations had required that funds used by a nonprofit to influence a federal election be drawn from “hard money” accounts—individual contributions of “hard money” are capped at $5,... More »

Blue Dogs Raking In Campaign Donations

(Newser) - Blue Dog Democrats may be ticking off President Obama and party leaders with their opposition to health care overhaul, but the move is doing wonders for their campaign coffers, reports CQ Politics. The Blue Dog Political Action Committee has pulled in $1.1 million for the 2010 races, more than... More »

Palin's Haul From Small Donors Echoes Obama: Silver

60% of war chest in chunks under $200

(Newser) - The nearly $1 million raised by Sarah Palin’s political action committee this year is not in itself all that impressive, writes Nate Silver for FiveThirtyEight.com. After all, her figures are dwarfed by Republican players with significantly less star power. But Palin’s fundraising numbers reveal a true strength:... More »

Palin PAC Fund Reaches $1M

Gov's resignation sparks $200K in new donations to spread Sarah's word

(Newser) - Sarah Palin's political action committee has received almost $1 million dollars since she created it at the end of January, the Anchorage Daily News reports. The fund—which Palin plans to use to spread her message and campaign for chosen candidates across the country—has received $200,000 in donations... More »

Stalled Minn. Senate Race a Home Run for Fundraisers

Groups for both parties reap cash by citing Franken-Coleman battle

(Newser) - For some political fundraisers, the longer the Franken-Coleman race barrels onward, the better: it’s helping them pull down huge sums, Politico reports. Groups from both parties are hitting up their constituents for cash, using the Minnesota race to spark sympathy. “We need to expose these illicit attempts to... More »

AIG's Money Lined Pockets in Washington

Dodd, Bush, Obama campaigns benefited from insurer's largesse

(Newser) - Chris Dodd has been a major AIG critic of late, but the Senate Banking chairman also has the uncomfortable distinction of being the politician to benefit the most from the insurer’s generosity, the Wall Street Journal reports. AIG employees have donated $280,000 to Dodd over the years, including... More »

Amid Recession, Obama to Prod Weary DNC Donors

(Newser) - President Obama is set to address a Democratic fundraiser later this month—the first such event of his presidency—but the money might not flow from donors cowed by recession and overextended after the recent election, Bloomberg reports. “Nonetheless,” said a White House deputy press secretary, “the... More »

Commerce Pick Has Fundraising Skeletons

Locke is no slam dunk: Malkin

(Newser) - President Obama's administration surely hopes Gary Locke will prove a relatively uncontroversial pick for Commerce after the messy Bill Richardson and Judd Gregg nominations. Not likely, writes Michelle Malkin, who covered Locke for the Seattle Times when he was Washington's governor. Locke, she reminds, faced a series of probes from... More »

Dems Expect Fundraising Decline

Only consolation: GOP will probably do much worse

(Newser) - The economic slowdown is having its expected effect on Democratic fundraising, and the added effects of “donor fatigue” and the magnetic force that draws campaign cash to Barack Obama could leave them pinched for the next election cycle, Politico reports. But things could be worse—like they are for... More »

100 Families Gave $100K to Obama

Rockefellers, Spielbergs among Barack's 'elite' donors

(Newser) - Barack Obama’s political efforts haven’t run purely on grassroots fuel: almost 100 families that gave $100,000 or more made up an “elite” group of repeat donors over the past 2 years, the Washington Post reports. Current donation rules make whopping contributions possible if donors distribute funds... More »

Hollywood Shells Out for Obama's Big Day

A-listers fork over $50K for events

(Newser) - A blackout hit Barack Obama’s Hawaii vacation home last week, but his inauguration next month will be lit up with plenty of star power. Hollywood A-listers have been shelling out top dollar to help pay for the president-elect’s big day, Politico reports. Donors include Halle Berry, Jamie Foxx,... More »

Caroline Has Been Stingy With NY Dems

Lack of donations may hurt efforts to gain Clinton's Senate seat

(Newser) - Caroline Kennedy has not donated much money to New York Democrats, and it could dent her appeal to Gov. David Paterson as he decides on his appointment to fill Hillary Clinton’s Senate seat, the New York Daily News reports. Although Kennedy has given around $30,000 to federal candidates,... More »

Small Donors Didn't Drive His Campaign: Study

(Newser) - The little guy didn't fill Barack Obama's campaign coffers after all, a new non-partisan study says. True, almost 50% of his donations were $200 or less, but many of those donors gave again. Only about a quarter of them stopped at two C-notes, a figure in the same range as... More »

Secretive Gay Donors Back Candidates Nationwide

Group of donors organizes to put millions of dollars behind pro-gay pols

(Newser) - A secretive group of wealthy gay activists who call themselves the Cabinet has been pouring huge sums into defeating anti-gay political candidates across the country, Time reports. The seven members of the Cabinet are estimated to have injected at least $7.8 million into races nationwide since 2004, and have... More »

Nonprofit Workers Favor Dems

Charity employees are more likely to donate money to the left side of the aisle, study finds

(Newser) - People in the charitable world lean heavily Democrat and love Barack Obama, but try to keep their affiliation low-key to avoid insulting the other side, the Chronicle of Philanthropy reports. A new study shows that 88% of foundation worker donations went to Dems, enriching Obama's effort by $399,000 and... More »

SNL Expects Obama Nov. 1

Meyers spills the beans to Palin at afterparty, aide tells blogger

(Newser) - Saturday Night Live has lined up Barack Obama for Nov. 1—the weekend before the election, blogger Martin Eisenstadt says he’s hearing from an aide to Sarah Palin. In boozy glee over the successful Palin appearance Saturday, SNL political writer Seth Meyers blurted, “just wait til you see... More »

UK Tories Accused of Soliciting Russian Magnate

Party's finance leader denies discussing illegal donation

(Newser) - Britain's Conservative Party is taking heat for allegedly requesting $85,000 from a Russian billionaire and suggesting he skirt UK law by gifting the money through his British firm. The solicitation was firmly denied by the party’s finance spokesman, who confirmed he met with aluminum magnate Oleg Deripaska but... More »

Small Print Lets Donors Write Big Checks

Individuals are giving as much as $70K to candidates and parties

(Newser) - Barack Obama’s small donors have grabbed the headlines this election, but the latest campaign finance reports reveal that big donors have been playing their biggest role in ages, the New York Times reports. Both candidates have used joint committees, which raise money for both the candidates and their parties,... More »

Tenn. Dad Names Baby After GOP Ticket

Newborn Sarah McCain Palin Ciptak's mom is not amused

(Newser) - It isn’t your typical get-out-the-vote strategy, but a Tennessee man says he hopes naming his new baby after the Republican ticket will get people to the polls, the Kingsport Times-News reports. Sarah McCain Palin Ciptak was born last week to a couple who’d agreed on the name Ava... More »

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