campaign fundraising

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Risky Loan Helped McCain Hold On
Risky Loan Helped McCain Hold On

Risky Loan Helped McCain Hold On

Senator took $3M gamble, complete with death clause

(Newser) - John McCain's Lazarus-like return to the top of the race for the Republican presidential nomination required a huge gamble, writes the Washington Post—a $3 million loan last November to fund his struggling campaign, which was not only broke but $500,000 in the red. McCain had put up his...

Obama Pulled In $32M in January
Obama Pulled In $32M in January

Obama Pulled In $32M in January

Meanwhile, McCain makes headway after beginning '08 in debt

(Newser) - Barack Obama has raised $32 million this month, the Washington Post reports—a massive number in such a short span. The Democrat's campaign manager reported 170,000 new donors in January, raising the total number of contributors to 650,000. The best fundraising day was immediately following Hillary Clinton’s...

Top UK Minister Resigns Ahead of Police Inquiry

Cabinet member steps down amid yet another fundraising scandal

(Newser) - A leading minister in Gordon Brown's cabinet resigned today after UK police announced they were opening an investigation into his failure to disclose over $200,000 in donations. Peter Hain raised the money to contest an internal Labour Party election for deputy leader, which he lost. This is the third...

Empty Coffers Force McCain From Stump
Empty Coffers Force McCain
From Stump

Empty Coffers Force McCain From Stump

Flurry of fundraising aimed at Super Tuesday ad push

(Newser) - With Florida's Republican primary nearing, John McCain is making a risky decision to trade stumping for fund-raising—an effort to fill coffers ahead of Super Tuesday competition against a rival who can loan money to his own campaign. McCain has seven donor events before Tuesday’s vote, an itinerary advisers...

'08 Prez Campaigns Going Broke
'08 Prez Campaigns Going Broke

'08 Prez Campaigns Going Broke

Early spending saps all coffers ... except Romney's

(Newser) - Despite record fund-raising, top presidential hopefuls in both parties have blown almost all of their cash, the New York Times reports. Efforts to knock out opponents early have cost candidates at least $320 million, or 80% of what they have raised. With Super Tuesday fast approaching, “there is definitely...

Pundits Spotlight Mitt
Pundits Spotlight Mitt
OPINION

Pundits Spotlight Mitt

Romney's got the best legs, one says; another pities him; third wonders who he's paid off

(Newser) - Mitt Romney has a big day ahead of him tomorrow, and scribes are considering his fate. Three opinions:
  • The New Republic’s Noam Scheiber says Mitt’s the GOP frontrunner: He only needs to make the final two to be judged the best all-around Republican. Plus, electoral chaos has hurt
...

Clinton/Obama Question Splits Labor Unions

Dems worry base too bitterly divided to unite behind single nominee

(Newser) - Labor unions are the foundation of any Democratic campaign, but that foundation in the '08 race remains clearly split between Hillary Clinton and Barack Obama, the LA Times reports. Both have fervent support among different unions, and tension within the party is running high, raising fears that the base won't...

Rudy's Camp Beseeches Donors
Rudy's Camp Beseeches Donors

Rudy's Camp Beseeches Donors

Campaign reportedly low on funds after Florida advertising spree

(Newser) - Rudy Giuliani's campaign is urgently requesting funds, the New York Daily News reports, seemingly contradicting the camp’s denials of financial hardship. While staffers are going without paychecks this month—voluntarily, they say—Giuliani’s campaign manager emailed a plea to prospective donors yesterday. “I am asking you to...

Why Edwards Still Matters
Why Edwards Still Matters

Why Edwards Still Matters

Barring a miracle, he won't be nominated, but could be huge as spoiler

(Newser) - He may have lost Iowa and New Hampshire, but don’t forget about John Edwards just yet, even if he’s not going to win the nomination, writes the Washington Post’s Dan Balz. Trumped by the celebrity and fundraising might of Clinton and Obama, Edwards will likely have to...

At Last, a Win for Romney: $5M in 1 Day

Clinton, McCain seeing millions in post-NH fund-raising bounces

(Newser) - Mitt Romney bagged $5 million in donations yesterday, and aides called the more than 10,000 contributions a “solid affirmation of support” for the second-place New Hampshire finisher, the Boston Herald reports. The candidate said the donation bonanza showed “a continued belief” that he’s the only Republican...

Dem Donor Gets 3 Years for Grand Theft

Former fugitive will face Ponzi scheme charges in NY

(Newser) - More than 15 years after pleading no-contest to grand theft charges, Democratic fundraiser Norman Hsu was sentenced in California to 3 years in prison today, the San Francisco Chronicle reports. A judge dismissed Hsu's argument that he was denied the right to speedy justice because authorities made little effort to...

Dem Donations Hit Record High
Dem Donations Hit Record High

Dem Donations Hit Record High

Clinton, Obama 2007 totals top $100M

(Newser) - The race for the presidency is crowded, but that isn't stopping candidates from raising huge sums of money, the Washington Post reports. The power of the internet to raise cash from both grassroots supporters and wealthy donors is credited with helping Hillary Clinton and Barack Obama raise over $100 million...

Interest Groups Gain in Cash —and Influence

As party $$$ dips, issue $$$ rises; will further polarize 2008 election

(Newser) - The swift-boating of John Kerry was only the first wave—election spending by groups unaffiliated with the major political parties nearly tripled between 2000 and 2006, the Wall Street Journal reports, to 19% of the total. And the so-called "527" groups, which don't have to disclose their donors, are...

Ron Paul 'Tea Party' Nets $6M
Ron Paul 'Tea Party' Nets $6M

Ron Paul 'Tea Party' Nets $6M

No blimp, but otherwise a steaming success

(Newser) - In an event dubbed "Boston TeaParty07," supporters of quirky GOP candidate Ron Paul rallied in the Boston snow yesterday while donations from across the nation dropped a record-breaking one-day "money bomb" of $6 million into the campaign. Most of the funds were donated over the Internet. To...

On Tape, Sharpton Cuts Deal for Campaign Cash

FBI video shows then-candidate agreeing to grease business wheels for donor

(Newser) - Someone should have told Al Sharpton he was on candid camera. When the then-presidential candidate agreed to land a multimillion-dollar contract for fundraiser Ronald White in 2003, the FBI was filming the whole thing, the Philadelphia Inquirer reports. Now Sharpton is under investigation for possible tax fraud and campaign finance...

Trail of Hsu's Ambition Leads to Prison

Business washout satisfied thirst for power in political fundraising

(Newser) - After several failed business schemes in the 1980s and 1990s, Norman Hsu went home to Hong Kong to recoup and plan an ego-boosting second try at the American fast lane. The Journal fills in the gaps in Hsu’s story, revealing the busted bundler as a capable manipulator obsessed with...

He Could Still Be a Contender in Iowa

Folksy Huckabee is spiking in money, popularity

(Newser) - Team Huckabee’s been bringing in extra chairs to campaign events in Iowa. The Arkansas governor is busting out of the second tier there, with growing fundraising numbers and conservative popularity that could earn him a primary upset, the New York Times reports. The friendliest candidate in the GOP race...

Dubious Bush Benefactor Embedded in Clinton Camp

Alan Quasha makes a strange Dem bedfellow

(Newser) - Hillary Clinton has another backer as mysterious as the now-discredited Norman Hsu—this one a businessman who goes way back with George W. Bush. The Nation examines Clinton's ties to Alan Quasha, the Harken Energy magnate who bailed out the younger Bush’s oil company in 1986. Quasha now has...

Bush's Stalwart Donors Largely Sitting Out '08

Current candidates not wowing GOP's most devoted checkbooks

(Newser) - The money machine that backed George Bush’s two presidential runs is sputtering for 2008’s Republican hopefuls. Disenchanted by Iraq and unimpressed with the current field, GOP donors are largely sitting out—or even padding Democrats' coffers, reports the Washington Post. “I’m not sure which primary I’...

Clinton Leads in Primary Cash
Clinton Leads in Primary Cash

Clinton Leads in Primary Cash

(Newser) - The $35 million Hillary Clinton has on hand for her primary campaign edges out the $32 million in Barack Obama’s coffers, according to financial reports acquired by the AP. But both have almost three times the money of any other campaign—Rudy Giuliani leads Republicans with just $11.6...

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