campaign fundraising

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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...

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...

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...

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,...

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...

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,”...

Clinton Donors Caught Up in Criminal Cases

Four cases, six defendants, $1.1M in contributions

(Newser) - A number of Hillary Clinton’s top fundraisers are now caught up in criminal cases, including Galen Capital Group Chairman William P. Danielczyk Jr., who was indicted last week. There are now four major federal cases involving six defendants who raised a total of more than $1.1 million for...

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...

DeLay Verdict May Change Campaign Finance

Prosecutors expected to target corporate fundraising

(Newser) - Prosecutors—and politicians—around the country are paying close attention to Tom DeLay's conviction on money laundering charges . The former House majority leader was found guilty of funneling corporate cash to fellow Republicans, thereby violating Texas laws that ban companies from contributing to candidates' campaigns, and legal experts expect the...

Olbermann Donated to 3 Democrats

'Countdown' host appears to breach NBC ethics rules

(Newser) - Keith Olbermann donated $2,400—the maximum individual contribution—apiece to three Democrats before Election Day, apparently breaking NBC rules, Politico reports. The MSNBC host, who has acknowledged the contributions, gave to two Arizona representatives the day one of them, Raul Grijalva, stopped by his show (the other was Gabrielle...

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...

$2B House, Senate Races Smash Fundraising Record

Spending set to top $4M for each congressional seat

(Newser) - Fundraising records have been shattered as House and Senate candidates head toward the finish line, a Washington Post analysis of campaign finance data finds. House and Senate candidates have raised over $1.5 billion and total spending is on course to top $2 billion as hopefuls dig deep into their...

Public-Employees Union No. 1 Election Spender

1.6-million member AFSCME spends $87.5M on campaign

(Newser) - The American Federation of State, County, and Municipal Employees has become the biggest outside donor to the midterm elections, thanks to a last-minute push of funds to Democrats that brings its total election spending to $87.5 million, the Wall Street Journal reports. The organization, which boasts 1.6 million...

Boehner's Wall-Street Cash Bolsters Tea Party Hopefuls

House Minority Leader spreads business-backed wealth

(Newser) - John Boehner typically gets a healthy dose of campaign cash from Wall Street and blue-chip corporations, and this election season, he’s doling it out to tea party-backed hopefuls. The House Minority Leader has distributed $320,000 to 39 such candidates, suggesting a GOP “stamp of approval” for a...

O'Donnell to GOP: Hannity's 'in My Back Pocket'

Senate hopeful complains party leaving her in the cold

(Newser) - Feeling sorely underfunded, Christine O’Donnell has warned the GOP she has a secret weapon: She says she’s “got Sean Hannity in my back pocket, and I can go on his show and raise money by attacking you guys,” top Republicans tell Howard Fineman of the Huffington...

Move Over PACs, Here Come Super PACs

New weapon allows virtually unlimited spending on campaigns

(Newser) - Expect to hear the term "Super PAC" a lot between now and the midterms. As the Washington Post explains today, these fundraising committees are quickly becoming the norm in how modern campaigns are financed by interest groups. Thanks in part to the Citizens United court ruling, Super PACs are...

Angle: I Make a Ton of Money on Fox News

And Rush Limbaugh appearance turned into $236K, she boasts

(Newser) - Remember when Sharron Angle said she only wanted to talk to the media if it was a “ friend ”? Now we know why. At a house party this month, Angle was caught on tape bragging about how much money she could make off Fox viewers and Rush Limbaugh...

86-Year-Old Senator Gaga for Lady Gaga

Frank Lautenberg of New Jersey is a big fan

(Newser) - Have you ever wanted to hang out with an 86-year-old US senator while watching a 24-year-old dance around in bizarrely artsy stripper costumes? Then hurry, because tickets for “Senator Frank R. Lautenberg & Lady Gaga—The Monster Ball Tour” are almost sold out, according to an email sent to...

Whitman Spending Hits $99M
 Whitman Spending Hits $99M 
Aug 3, 2010 8:12 AM CDT

Whitman Spending Hits $99M

In what could be priciest gubernatorial race ever

(Newser) - Billionaire Republican Meg Whitman reported yesterday that she has spent more than $99 million in her quest to become California's governor, including $71 million just to win the Republican primary. Democrat Jerry Brown, who didn't have a serious primary opponent, has spent just $450,000, plus $324,000 in donated...

Rove Group's Only Donors: Billionaires

American Crossroads says it's a 'grassroots' organization

(Newser) - Need proof that the term “grassroots” has become a meaningless political buzzword? Karl Rove’s American Crossroads group, which has occasionally used the term, is funded almost exclusively by four billionaires, according to Salon . And two of the four made their money in the oil and gas industry. It’...

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