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Obama’s money men: Flush with cash and ready to give

Shrek would be green with envy. Movie producer Jeffrey Katzenberg is animating the presidential race this election season, raising more money than any other Democratic donor. The DreamWorks Animation CEO joins two other media moguls, a personal-injury lawyer and a philanthropist in giving millions of dollars to help President Barack Obama win a second term. They are helping fund a presidential election on track to cost nearly $2 billion, with money going toward the individual Republican and Democratic campaigns as well as independent, “super” political committees working on the campaigns’ behalf. Political donations can open doors that are closed to
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Romney’s fatcat donors: Money men with deep pockets

For a casino mogul worth an estimated $25 billion, $34.2 million may sound like chump change. Yet that’s how much money Sheldon Adelson has donated so far to aid Republican presidential candidate Mitt Romney and organizations supporting Romney this election, making him the donor of donors for the GOP. Other top donors giving millions of dollars to aid Romney’s campaign include a trio of Texas money moguls and the head of a south Florida-based energy conglomerate. Those donors and others are funding a presidential election on track to cost nearly $2 billion, with money going toward individual Democratic and Republican
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Dems broke promise, used corporate cash for convention

The Democratic National Convention relied on at least $5 million in corporate donations, despite repeated pledges by top party officials only to use money raised from individuals. Reports filed Wednesday with the Federal Election Commission show the convention’s host committee, Charlotte in 2012, raised $24 million, well short of its $36.7 million fundraising goal. To help make up for the shortfall, committee officials spent $5 million raised directly from corporations to rent the cavernous basketball arena used as the convention hall. They spent nearly $8 million more from a line of credit provided by Charlotte-based Duke Energy, the nation’s largest
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Federal appeals court declares anti-gay marriage law unconstitutional

An appeals court in New York ruled on Thursday that a law defining marriage as a union between a man and a woman is unconstitutional. It was the second federal appeals court to reject the law, which could go before the Supreme Court soon. The ruling by the 2nd Circuit Court of Appeals was in favor of Edith Windsor, an 83-year-old woman who argued that the Defense of Marriage Act discriminates against gay and lesbian couples, violating equal protection provisions of the U.S. Constitution. The Defense of Marriage Act was passed in 1996. Since then, six states have legalized same-sex
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Time for Obama and Romney to dish up some one-liners

The presidential campaign, heavy on finger-pointing and recrimination, is taking a brief but abrupt detour so President Barack Obama and Mitt Romney can play politics for laughs. The rivals are quieting the bickering to address the venerable Alfred E. Smith Memorial Foundation Dinner, a white-tie gala Thursday evening at New York City’s Waldorf Astoria Hotel that has been a required stop for politicians since the end of World War II. In keeping with tradition, both candidates have prepared lighthearted fare for the fundraising event organized by the Catholic Archdiocese of New York for the benefit of needy children. That was
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Romney, Obama chase women’s votes

One day after their contentious, finger-pointing debate, President Barack Obama and Republican Mitt Romney vied aggressively for the support of women voters Wednesday, as they and their running mates charged across nearly a half-dozen battleground states in the close race for the White House with 20 days to run. Not even Republicans disputed that Obama’s debate performance was much stronger than the listless showing two weeks earlier that helped spark a rise in the polls for Romney. The two rivals meet one more time, next Monday in Florida. The first post-debate polls were divided, some saying Romney won, others finding
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Re-energized Obama hits the campaign trail in swing states

President Barack Obama hit rival Mitt Romney hard on women’s issues as he headed back on the campaign trail on Wednesday after a spirited debate performance that re-energized his bid for a second term. A day after a much-improved performance in the second of three presidential debates, a revitalized Obama continued sparring with his Republican opponent, making fun of Romney’s comment that he had received “binders full of women” to consider for cabinet positions when he was governor of Massachusetts. “I’ve got to tell you, we don’t have to collect a bunch of binders to find qualified, talented driven young
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As usual, facts get lost in rhetoric in another political debate

In the rough-and-tumble of a town hall-style presidential debate, the facts took something of a beating Tuesday night. Mitt Romney wrongly claimed that it took 14 days for President Barack Obama to brand the assault on the U.S. Consulate in Libya a terrorist act. Obama yet again claimed that ending the Afghanistan and Iraq wars makes money available to “rebuild America,” even though it doesn’t. A look at some of their claims: OBAMA: The day after last month’s attack on the U.S. Consulate in Benghazi, Libya, “I stood in the Rose Garden and I told the American people and the
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Feisty debate provides good viewing for TV viewers

At the University of Cincinnati, 200 students were expected to turn out to watch the second debate between Barack Obama and Mitt Romney. But organizers hadn’t reckoned on the intense curiosity as to how the president would perform after an admittedly lackluster showing in the first faceoff. The students kept coming, and row upon row of chairs were added at the campus center until more than 500 crammed in. It was not unlike a crowd at a boxing match; many were expecting verbal fireworks, and they weren’t disappointed. “It goes without saying that the knives were out,” said Karim Aladmi,
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Failed ‘fiscal conservative’ GOP Presidential candidates face millions in unpaid campaign debts

Failed Republican primary candidates for President — who preached fiscal responsibility throughout their aborted runs for office — face millions of dollars of debts from their now shuttered campaigns. Former Speaker of the House Newt Gingrich‘s campaign owes creditors close to $5 million, according to his Sept. 30 filing with the Federal Election Campaign. Gingrich, who used private planes and luxury hotels throughout his failed bid for the Presidency, managed to pile on another 50 grand in debt after his campaign ended, the reports reveal. “Newt live large on other people’s money,” GOP strategist Al Waring tells Capitol Hill Blue. 
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