Fundraising

Clinton supporter, fundraiser pleads guilty

Clinton supporter, fundraiser pleads guilty

A wealthy hotel executive and Democratic fundraiser who supported Hilary Clinton for president pleaded guilty Thursday to charges he secretly funneled more than $180,000 in illegal campaign contributions to three unnamed candidates and coached someone to lie about it. An informant caught Sant Singh Chatwal on tape in 2010 explaining that he believed his illegal […]

Obama campaign claims four million donors

Obama campaign claims four million donors

President Barack Obama’s campaign says it has surpassed 4 million donors, a record for a presidential campaign. The president’s field director Jeremy Bird announced the total in an email to supporters Saturday night. Obama’s campaign has relied on small donors to boost its fundraising totals through the summer and fall. The campaign raised $181 million […]

Tea party runs into money problems

Tea party runs into money problems

Some leading tea party activists are concerned that their efforts to reshape American politics, starting with the 2010 elections, are being undermined by a shortage of cash that’s partly the result of a deep ambivalence within the movement’s grassroots  over the very idea of fundraising, and partly attributable to an inability to win over the […]

Wall Street pulling plug on donations to Democrats

Wall Street pulling plug on donations to Democrats

A revolt among big donors on Wall Street is hurting fundraising for the Democrats’ two congressional campaign committees, with contributions from the world’s financial capital down 65 percent from two years ago. The drop in support comes from many of the same bankers, hedge fund executives and financial services chief executives who are most upset […]

The high cost of bi-partisanship

Memo to members of Congress: Bi-partisanship may be hazardous to your fund raising. Just ask Louisiana Republican Congressman Anh “Joseph” Cao, the sole Republican supporter of Democratic-sponsored health care reform in the House. He is running out of campaign cash after his fund raising dropped 40 percent following his decision to support the health care […]