March 20, 2012 |
A "super PAC" supporting Mitt Romney has won the backing of another corner of the financial sector: payday lenders. Seven payday loan companies donated a total of $162,500 to Restore Our Future in February, according to reports filed with the Federal Election Commission on Tuesday. All the donations were recorded in the first week of the month, in increments ranging from $2,500 to $35,000. Restore Our Future declined to comment on the donations and their timing. A spokesman for the largest payday lender also declined to comment.
October 14, 2010 |
With less than three weeks to go in a midterm election campaign that is on track to draw more political spending than ever before, attacks on both sides reached a frenzied pace Wednesday. Supporters of Republicans launched an unprecedented $50-million advertising campaign, and Democrats and their allies renewed a controversial complaint that the U.S. Chamber of Commerce, one of the large GOP-allied spenders, mixes foreign money with its political spending. Two independent GOP groups, American Crossroads and Crossroads GPS, formed by Republican strategists Karl Rove and Edward Gillespie ?
May 10, 2011 |
The race to fill a vacant House seat in New York’s 26th Congressional District heated up Tuesday as American Crossroads, the conservative group co-founded by Karl Rove, announced plans to spend hundreds of thousands of dollars on advertising in the final two weeks of the campaign. The group has bought $350,000 worth of Web ads and TV spots that will run in the Buffalo and Rochester markets, said spokesman Jonathan Collegio. And more is likely, according to Democratic media trackers who say the group has reserved an additional $300,000 in air time.
September 9, 2011 |
Mississippi Gov. Haley Barbour, perhaps the most prodigious fund-raiser the GOP has ever seen, will be joining forces with politically powerful Crossroads groups, the independent campaign organization that helped tilt several congressional races to the GOP in 2010. In announcing his arrival, the organization also disclosed its plans to double its previously announced fund-raising goal for 2010, meaning it hopes to raise over $200 million. The news is yet another sign that independent political groups that can raise unlimited sums from corporate, individual and union donors will play a bigger role than ever in the upcoming election, possibly overshadowing traditional campaign and party organizations in some races.
December 5, 2012 |
One of the biggest outside spenders in the 2012 election has turned its focus to the "fiscal cliff" debate. Crossroads GPS, the conservative nonprofit founded in part by GOP strategist Karl Rove, released a new ad Wednesday slamming President Obama's opening bid in the negotiations to avert year-end tax increases and spending cuts. The spot says the president's plan -- which closely hews to his 2013 budget proposal -- offers "a huge tax increase" and "no real spending reforms.
October 23, 2010 |
Voters in seven congressional districts and the state of Washington will see new ads on the airwaves by the U.S. Chamber of Commerce, which is among a handful of conservative groups with plans to spend heavily in the final days of the midterm campaign. Armed with millions of dollars but facing a shortage of airtime in many television markets, the Chamber will spend $1 million on radio and Internet advertising in support of Dino Rossi, the Republican candidate challenging incumbent Washington Sen. Patty Murray.
January 31, 2012 |
The new role that the super-rich play in electoral politics began to emerge with greater clarity Tuesday as recently formed "super PACs" publicly reported their donors and expenses for 2011. Restore Our Future, the super PAC backing Mitt Romney's candidacy, raised $30 million during 2011, thanks in part to separate $1-million donations from three New York-based hedge fund executives: Paul Singer, Robert Mercer and Julian Robertson. Two privately held corporations each gave $1 million to Romney as well.
April 3, 2014 |
WASHINGTON - The Supreme Court's decision to lift the cap on the amount donors can contribute in a congressional election cycle promises to shift power to the political party's established leaders, who had lost ground to outside groups. With the demise of the $123,200 limit for the two-year election cycle, party stalwarts such as House Speaker John A. Boehner (R-Ohio) and Senate Majority Leader Harry Reid (D-Nev.) will be able to raise multimillion-dollar checks from wealthy contributors for new campaign committees.
August 20, 2012 |
WASHINGTON - Another ominous sign for embattled Missouri GOP Senate candidate Todd Akin: the heavyweight conservative groups American Crossroads and Crossroads GPS are pulling out of the state and halting their advertising against Akin's opponent, Democratic Sen. Claire McCaskill. “The act speaks for itself,” Crossroads spokesman Nate Hodson said Monday. Akin caused a furor Sunday after suggesting in a television interview that women who have experienced “legitimate rape” can biologically prevent a pregnancy.
February 20, 2012 |
Restore Our Future, the independent group supporting Mitt Romney's presidential bid, raised $6.6 million last month, ending January with $16.3 million in the bank, according to filings submitted Monday to the Federal Election Commission. The group also spent almost $14 million in the first month of nominating contests. In all, the "super PAC" -- which can take unlimited donations from individuals and corporations -- has raised $36.8 million for the election cycle. This month's haul marks an acceleration in the group's fundraising pace, but unlike in months past, did not collect any million-dollar checks.