Tag Archives: campaign finance

GOP To Begin Accepting Cryptocurrency Donations

Axios reports: The National Republican Congressional Committee is the first national party committee to solicit crypto donations. That puts it at the forefront of a disruptive financial technology that could test campaign finance rules. “We are focused on pursuing every avenue possible to further our mission of stopping Nancy Pelosi’s socialist agenda and retaking the House majority, and this innovative …

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Cruz Wins Campaign Finance Court Battle With FEC

The Hill reports: A federal court on Thursday sided with Sen. Ted Cruz (R-Texas) in his lawsuit against the Federal Election Commission (FEC), striking down rules limiting how much money candidates can raise after an election to pay off loans. Cruz challenged a section of election law that says campaigns cannot pay back more than $250,000 in personal loans through …

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Cruz Used Campaign Money To Promote Book Sales

The Daily Beast reports: In September and October of last year, Cruz’s campaign, Ted Cruz for Senate, paid for 17 ads on his official Facebook candidate page promoting retail sales of his book, One Vote Away: How A Single Supreme Court Seat Can Change History. The Federal Election Commission bars candidates from using contributions to line their own pockets, such …

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Jordan Faces FEC Questions On Campaign Finance

Raw Story reports: The FEC has asked Jordan’s campaign committee to explain large accounting discrepancies between reports filed several years ago and amended reports filed earlier this year, showing differences of hundreds of thousands of dollars, reported Cleveland.com. “The campaign has filed an amendment with the FEC to correct its campaign finance reports going back to 2018,” said Jordan’s campaign …

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Trump Inauguration Donor Sentenced To 12 Years

Axios reports: California venture capitalist Imaad Shah Zuberi was sentenced to 12 years in prison on Thursday for unregistered foreign lobbying, illegal campaign contributions and obstruction of justice. Details: The obstruction of justice charge against Zuberi stemmed from an investigation into a $900,000 contribution he made to former President Trump’s inaugural committee. Zuberi was also ordered to pay a $1.75 …

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Biden Raising Money For Post-Election Court Battles

The Daily Beast reports: Even by post-Citizens United standards, it is an absurd, Scrooge McDuck-level haul. The Biden campaign could suspend fundraising entirely and drop more than $20 million a day, every day, until the election without bouncing a single check. But according to top-level donors and an ambitious schedule of upcoming fundraisers, there’s no plan to slow down—just in …

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Dems Raked In $15 Million In Hours After VP Debate

Forbes reports: In the latest fundraising boost for team blue, Democrats raised $15 million in just over 12 hours after the start of Wednesday night’s vice presidential debate—a sign that Sen. Kamala Harris’ (D-Calif.) performance against Vice President Mike Pence resonated with at least some viewers. Putting Harris on the ticket as Biden’s vice presidential pick has already proven lucrative …

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Biden Enters Final Leg With Large Cash Advantage

The New York Times reports: Joseph R. Biden Jr.’s campaign said on Sunday that it entered September with $466 million in the bank together with the Democratic Party, providing Mr. Biden a vast financial advantage of about $141 million over President Trump heading into the intense final stretch of the campaign. The money edge is a complete reversal from this …

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Trump On Spending His Own Money: “If I Have To”

The Washington Post reports: Trump on Tuesday confirmed a report that he is considering spending some of his own money on his reelection bid even as his campaign insisted it would have enough cash to compete in the final stretch of the race against Biden. “If I have to, I would,” Trump said when asked by a reporter if he …

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Axios: Trump Campaign In “Surprising Cash Crunch”

Axios reports: Money concerns are very real for President Trump’s campaign — an unusual predicament for a sitting president, and one that worries veteran Republican operatives, with Trump so far behind in swing states as the race climaxes. The campaign’s view is that Trump will get his message out, and he depends less on paid media than normal politicians. But …

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Biden Outraised Trump Last Month With $46.7M Haul

Politico reports: Joe Biden raised $46.7 million in March, his campaign announced Monday, notching his best fundraising month of the campaign — and besting President Donald Trump — as he took control of the Democratic primary. The fundraising, prompted by Biden’s strong win in South Carolina’s primary on the last day of February and a cascade of Super Tuesday victories, …

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Ex-Campaign Aides Sue Bloomberg For Promised Pay

Politico reports: Former campaign workers for Mike Bloomberg are suing the billionaire former presidential candidate for fraud, alleging in a nationwide class action lawsuit that as many as 2,000 employees were promised to be paid though the general election before he laid them off. Plaintiffs in the class action include two organizers who halted the interview process for other jobs …

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Sanders Raised Staggering $46 Million In February

The Washington Post reports: Sen. Bernie Sanders raised $46.5 million in February, his presidential campaign said Sunday, a huge sum that could help sustain him in a lengthy battle for the nomination. The Vermont senator, who won nominating contests in Nevada and New Hampshire last month, has vaulted to the top of the field in recent national polls. But former …

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Bannon Used Chinese Jet To Promote GOP Candidates

ProPublica reports: Former Donald Trump campaign CEO and chief strategist Steve Bannon used a private jet apparently owned by a wealthy Chinese businessman to fly to events to promote Republican congressional candidates in 2018. The previously unreported flights could run afoul of a campaign finance law that bars foreign money from U.S. elections, according to campaign finance experts, though it …

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Warren Formally Reverses On Super PAC Support

CNBC reports: Sen. Elizabeth Warren reversed her position on rejecting super PAC support as she seeks a comeback in the Democratic presidential primary. Warren, who has previously said that she would disavow the support of a super PAC that sought to aid her bid for the presidency, told reporters that she had changed her mind after failing to get her …

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Elizabeth Warren Raises $5M Since Nevada Debate

CBS News reports: Sen. Elizabeth Warren (D-Mass.) said Thursday that her presidential campaign has raised more than $5 million since the Democratic primary debate the night before. The seven-figure haul is the latest sign that Warren’s performance in the Wednesday debate in Las Vegas might have been a boon for her campaign, which has scrambled in recent weeks to recover …

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Klobuchar: I’ve Raised $12M Since Last Debate [VIDEO]

Axios reports: Sen. Amy Klobuchar announced on ABC’s “This Week” Sunday that her campaign has raised $12 million online in the nine days since the New Hampshire debate. Why it matters: That’s more than the Minnesota senator raised in the fourth quarter of 2019, which had been her strongest quarter yet. It follows a surprise third-place finish in the New …

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GOP Rep Spent Campaign Dough On Posh Ski Vacations

Roll Call reports: Over a three-year span, Rep. John Moolenaar spent $22,839 on ski and snowmobile activities, lodging at the Four Seasons, and catering in and around Vail, Colorado, from his leadership political action committee. Members of Congress are prohibited from converting campaign funds for personal use and must be able to verify those resources have not been misused. Moolenaar’s …

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Amy Klobuchar Raises $2.5M After Strong NH Showing

The Hill reports: Sen. Amy Klobuchar’s (D-Minn.) presidential campaign on Wednesday said it had raked in more than $2.5 million since polls closed in New Hampshire’s primary Tuesday night. The windfall came after Klobuchar’s third-place finish in the Granite State’s primary, posting a stronger-than-expected showing and outpacing big names like Sen. Elizabeth Warren (D-Mass.) and former Vice President Joe Biden. …

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Sanders Raised Eye-Popping $25 Million Just In January

CNBC reports: Bernie Sanders’ presidential campaign raked in a whopping $25 million in January alone and will use the haul to bankroll ads and staff across the critical Super Tuesday slate. The Vermont senator raised more in January than in any other month in the 2020 Democratic presidential race, his campaign said in announcing the haul Thursday. It added that …

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