Washington (CNN) - Goldman Sachs, the embattled Wall Street investment bank defending itself from civil fraud charges brought by the Securities and Exchange Commission, has been an active donor to political candidates and parties in the past 20 years and was a top contributor to the 2008 presidential campaign of then-Sen. Barack Obama.
According to Federal Election Commission figures compiled by the Center for Responsive Politics, Goldman Sachs' political action committee and individual contributors who listed the company as their employer donated $994,795 during 2007 and 2008 to Obama's presidential campaign, the second highest contribution from a company PAC and company employees. Only the PAC and employees of the University of California, which donated more than $1.5 million, topped Goldman Sachs. Federal law prohibits a company from directly giving money to a campaign committee.
Goldman Sachs contributions to the Obama campaign were more than four times larger than the $230,095 in donations to Sen. John McCain's presidential campaign.
Since 1990, Goldman Sachs' PAC and employees have consistently contributed more money to Democratic rather than Republican candidates for federal office. In the 2008 election, three out of every four dollars contributed by Goldman Sachs went to Democrats.
FEC reports also indicate that Goldman Sachs has contributed generously to Senate Banking Committee and House Financial Services Committee members in the last 15 months. The two panels are responsible for oversight of the industry.
In addition to the SEC lawsuit, the company, along with the rest of the financial services sector, faces an aggressive Democratic-led campaign to impose new rules on banks.
Updated 5:20 p.m.
Washington (CNN) - If Arizona lawmakers have their way, President Obama might have to prove he's a U.S. citizen to get on the state's ballot in 2012.
On Monday, Arizona's House of Representatives voted 31-22 to advance legislation that would require presidential candidates to provide documents, including birth certificates, proving their citizenship.
The measure, an amendment to a state Senate bill, must now clear another vote in the House before going back to the Senate. If it clears both chambers, the bill could soon go to Arizona Gov. Jan Brewer, who is a Republican. Brewer's office declined to comment on whether the governor supports the proposal.
Critics deride the measure as a "birther bill." That name derives from a fringe movement, dubbed "the birthers," that questions whether President Obama was born in the United States despite proof that he was born in Hawaii in 1961. CNN and other news organizations have thoroughly debunked the rumors about the president's birthplace.
TOPICS: Supreme court nomination
Washington (CNN) - A majority of Americans expect President Obama to appoint a liberal to the Supreme Court, but only one in four want that to happen, according to a new national poll.
A CNN/Opinion Research Corporation survey released Wednesday indicates that 61 percent of the public expect the president to nominate a liberal to replace John Paul Stevens on the Supreme Court. Meanwhile, 21 percent said the president will name a moderate and 16 percent predicted that Obama will nominate a conservative.
But only a quarter of those questioned said the president should nominate a liberal, with 37 percent saying they want Obama to name a moderate and 36 percent pulling for a conservative candidate.
The poll's release comes one day before the president hosts Senate Democratic and Republican leaders at the White House to discuss the vacancy on the high court. Among the participants in the meeting will be the top Democrat and Republican on the Senate Judiciary Committee, which will most likely hold confirmation hearings this summer.
Washington (CNN) - In the important battle for campaign cash, the Democratic Senatorial Campaign Committee has edged out its GOP counterpart, the National Republican Senatorial Committee, when it comes to funds raised last month and money in the bank.
The DSCC reports Tuesday afternoon that it brought in $6 million in March, and says it has over $17 million cash on hand. Earlier Tuesday the NRSC reported raising $5.14 million last month, with just over $15 million in the bank. Neither committee reports holding any debt.
Both committees are touting their fundraising totals.
Washington (CNN) – As this year's battle for control of the Senate heats up, the National Republican Senatorial Campaign says it now has just over $15 million dollars in its warchest.
The NRSC also reported Wednesday that it raised $5.14 million last month, and is carrying no debt. In a release, the NRSC points out that the money raised in March is 25 percent higher than in 2008, when the GOP had 8 more members in the Senate.
The NRSC's March haul is higher than the $4.6 million it brought in during February and the $5.01 it raised in January.
"We have successfully added more than 240,000 first-time supporters to the NRSC donor rolls and increased our fundraising by nearly 25 percent more than last cycle. We deeply appreciate this growing support and are committed to doing everything possible to helping our Senate Republican candidates win in November," says NRSC Executive Director Rob Jesmer.
Washington (CNN) - The Democratic Congressional Campaign Committee has $16 million more in the bank than the National Republican Congressional Committee heading into November, according to the latest fundraising totals released Tuesday afternoon.
The DCCC raised more than $9.7 million, while the NRCC took in $8 million last month, the committees reported. At the beginning of April, the DCCC had $26 million cash-on-hand, compared to the NRCC's $10 million in the bank.
The DCCC and NRCC are the campaign arms for their respective political parties.
Despite the huge cash disadvantage, Republicans are expected to pick up seats in November.
Washington (CNN) - House Minority Whip Eric Cantor Tuesday will endorse Marco Rubio for Senate, the latest high profile Republican to do so in recent days, two GOP sources familiar with the announcement confirm to CNN.
The endorsement comes as many national Republicans believe that the one-time front runner for the Republican Senate nomination in Florida, Gov. Charlie Crist, will run an independent bid for the open seat. Recent polling indicates that Rubio, the former Florida House Speaker, leads Crist in the GOP primary by double digits.
"We are a nation at a crossroads, and we need responsible leadership in Washington," Cantor is expected to say in his endorsement. "Marco Rubio is just the type of leader our country needs and will make an excellent Senator for the State of Florida."
On Monday, the chief strategist for the National Republican Senatorial Committee told GOP allies it is his belief that Crist will leave the GOP primary. The NRSC had endorsed Crist, but was prepared to shift its backing to Rubio.
Cantor, a congressmen from Virginia, is considered to be a rising star in the party. His endorsement is another sign that the Republican establishment is embracing Rubio's candidacy, which has been fueled in the past year by conservative, grass roots activists.
(CNN) - President Obama will hit three more states next week as part of his ongoing White House to Main Street tour.
The White House announced Monday the president will hold town hall events in Iowa, Missouri, and Illinois next Monday and Tuesday. During the stops, Obama will meet with workers, farmers, small business owners, and local leaders "to share ideas for continuing to grow the economy and to put Americans back to work," the White House said in a statement.
Obama has already made stops in Pennsylvania, Ohio and Georgia as part of the tour.