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NEWS ABOUT: political fundraising

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 »

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 »

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 »

Ron Paul Raises $1M in Single-Day 'Money Bomb'

He makes another hefty fundraising haul with online push

(Newser) - Ron Paul proved yesterday he's still master of the "money bomb." The likely 2012 candidate raised $1 million in a single day in a fundraising push tied to last night's debate , reports Politico . Paul's exploratory committee put out the word via email and social networks... 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 »

Gingrich's PAC Isn't Exactly Raking in Cash

It's pulled in just $53,000 this year

(Newser) - Newt Gingrich’s political action committee has raised a paltry $53,000 so far this year, according to the latest FEC numbers, and Politico sees that as a troubling sign for the would-be candidate. Sure, Gingrich’s 527 group American Solutions for Winning the Future has pulled in tens of... 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 »

Obama Cranks Up the 2012 Money Machine

Donors asked to give $61,600 annually to DNC

(Newser) - Some of Barack Obama’s top operatives have embarked on a cross-country “listening tour,” pumping top donors for big 2012 donations, Politico reports. They’re asking donors who maxed out on donations to Obama and Hillary Clinton in 2008 to join a new “National Finance Council,”... More »

'Tea Party Patriots' Starting to Look Like Lobbyists

Tea Partiers start to criticize major group

(Newser) - The Tea Party Patriots may have started out as a grass roots group, but a growing number of critics say the group is starting to look a lot more like a standard-issue Beltway lobbying outfit, according to an investigation from liberal site Mother Jones . The group has accepted large donations... More »

Koch Brothers Leap Into PR War

Brothers Charles and David step out of the shadows

(Newser) - Thrust into the spotlight after years of operating in the political shadows, Charles and David Koch are fighting back, Politico reports. They’ve hired a crack PR team that has worked with GOP heavy hitters like Sarah Palin and Arnold Schwarzenegger, and encouraged attendees of their uber-secret fundraising meeting to... More »

Japanese Party Honcho Indicted

Divisive decision could push Japan toward new election

(Newser) - The man behind the Japanese ruling party’s historic 2009 victory has been indicted for misreporting political funds. The move could expand divisions among members of the Democratic Party of Japan and help drive the opposition’s push for a new election, the New York Times reports. Ichiro Ozawa may... More »

Christine O'Donnell Starts a PAC

It's unclear what 'ChristinePAC' intends to do

(Newser) - Christine O’Donnell has taken her Sarah Palin mini-me act to its next logical level, filing paperwork to form a political action committee called ChristinePAC. The group will allow America’s favorite non-witch to remain involved in politics, much as SarahPAC does for Palin, the New York Times observes. It’... More »

GOP Frosh: Screw Populism, Let's Throw Swank Party!

Furious John Boehner will not attend

(Newser) - John Boehner is not pleased with the kids: While the speaker-elect might prefer his caucus stick to the populist message that won them the House, on the eve of taking it over, a dozen freshman Republicans are throwing a lavish DC fundraiser headlined by LeAnn Rimes. For $2,500, Politico... More »

Soft Fundraising, Waste Leaves RNC $25M in Hole

Operating costs ate up majority of donations

(Newser) - The Republican National Committee is deep in the hole—the organizing body will enter the 2012 election cycle between $20 million and $25 million dollars in debt, the Washington Times reports. That's possibly the biggest running deficit a national committee has had going into a major election, says one operative.... More »

Moaning Democrats Actually Outspending Republicans

Outside groups can't make up for party advantages

(Newser) - Democrats have been playing the financial victim lately, bemoaning the cash outside groups are throwing at Republicans. Which is kind of ironic, because the truth is that Democrats are outspending Republicans—even if you take those outside groups into account. Democratic campaign committees and left-leaning outside groups have spent a... More »

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