Washington (CNN) - Former presidential candidate John Edwards will have to pay back over $2 million in federal matching funds given to his 2008 campaign for president, the Federal Election Commission ruled on Thursday.
The commission voted 6 – 0 against Edwards and contends his campaign was in "excess of the Candidate's entitlement."
(CNN)-Former Delaware U.S. Senate candidate Christine O'Donnell received news she'd been hoping for late Friday. Cleta Mitchell, an attorney for O’Donnell, confirmed to CNN that a federal probe of her campaign has been closed.
“Just got word US Attorney slammed the door shut on CREW’s baseless complaint against me,” O’Donnell tweeted.
Washington (CNN) – It was no joke Thursday at the Federal Election Committee hearing as Comedian Stephen Colbert gained approval to start his "superPAC" by a 5-1 "media exemption vote."
But in the crowd outside the FEC's headquarters following the vote it was clear the host of "The Colbert Report" on Comedy Central had a straight-faced delivery and this matter of election fundraising regulation had some laughing – and throwing money.
Washington (CNN)– Former Delaware Republican senatorial candidate Christine O'Donnell is hailing the Federal Election Commission's dismissal of a complaint lodged against her right before she captured her party's nomination and is asking for donations to help her mount a strong defense against other allegations.
In what O'Donnell now calls "a sort of Hail Mary pass in act of desperation," the former chairman of the Delaware Republican party lodged the complaint accusing her and the Tea Party Express, a group of tea party activists who had endorsed her and had staged an event to support her candidacy, of illegal coordination breaking FEC regulations.
Washington (CNN) - Candidates running for federal office should expect slightly larger donations during the next election cycle.
The Federal Election Commission announced today that it is increasing the amount individuals can contribute to political campaigns and national parties.
WASHINGTON (CNN) – The Federal Election Commissions said Thursday that the Club for Growth - a group that advocates fiscally conservative policies - may use information in Pennsylvania Sen. Arlen Specter's campaign finance reports in order to inform Specter's donors that the longtime senator is no longer a Republican and has switched his party affiliation to Democrat as he seeks to retain his seat in 2010.
When Specter announced his party switch in late April, he also announced that he would refund any contribution given during the current election cycle by donors who wanted their money returned.
The Club for Growth, which was once run by Pennsylvania Republican Senate candidate Pat Toomey, asked the FEC for permission to access Specter's campaign finance reports in order to identify Specter donors entitled to a refund and to inform them of their ability to seek a refund if they desire to do so.
In a decision rendered Thursday, the FEC granted the group access to Specter's FEC reports under a number of conditions, including that the group not use the Specter donor information to solicit contributions or for any commercial purpose.
Pennsylvania Rep. Joe Sestak recently announced that he will challenge Specter for the Democratic senate nomination. The winner of that primary will face off against Toomey in the general election in 2010.
In its second quarter campaign finance report, the Specter campaign reported returning $225,000 to Republican donors.
WASHINGTON (CNN) - The Federal Election Commission dismissed a complaint on Tuesday against the Republican Party for funding a $150,000 designer wardrobe for then-vice presidential candidate Sarah Palin.
Citizens for Responsibility and Ethics in Washington, the group that filed complaint, argued that political candidates aren't allowed to spend campaign donations on personal items like clothing. But the FEC dismissed the case on Tuesday, saying that the purchases were "coordinated party expenditures" because the Republican National Committee spent its own money alone on her wardrobe, and did not use donations made to the McCain-Palin campaign.
In the original complaint, CREW targeted over $150,000 spent at high-end stores like Saks Fifth Avenue, Bloomingdales and Neiman Marcus to outfit Palin and her family after she was picked as McCain's vice presidential nominee.
WASHINGTON (CNN) - Secretary of State Hillary Clinton reached an important milestone Wednesday in her quest to pay the debt from her failed 2008 presidential bid: For the first time in eight months, her campaign committee reported having more money in the bank than it owes.
On a day most Americans were preoccupied with filing their federal income taxes, Clinton's campaign committee filed finance documents with the Federal Election Commission, reporting a total of $2.3 million in debts at the end of March, compared with $2.6 million in the bank.
The nation's top diplomat has been steadily chipping away at unpaid campaign bills since suspending her White House bid in June 2008, when her debt peaked at $25.2 million. That amount covered $12 million owed to vendors, as well as the $13.2 million she loaned her campaign from personal funds.
Clinton's campaign was unable to repay that personal loan by the time the Democratic National Convention convened in Denver, Colorado, last August, the deadline mandated by the 2002 McCain-Feingold campaign finance law. The former New York senator was forced to forgive the entire loan amount.
WASHINGTON (CNN) - President Barack Obama takes his first stab tonight at the role of fundraiser-in-chief.
The president is the main attraction at two events here in the nation's capitol for the Democratic National Committee, the first fundraising test for Obama since he took over the presidency two months ago. As a candidate for the White House, the then-senator from Illinois had little trouble raising money: He broke all fundraising records, raking in nearly $750 million during his two-year campaign for the presidency.
The money raised at tonight's two events - at the National Women in the Arts Museum and the Warner Theater, where singer Tony Bennett is scheduled to perform - will come in handy as the Democratic National Committee struggles to keep pace with its Republican counterpart.
The Democrats won back the White House and increased their majorities in Congress in last November's elections, but when it comes to campaign cash, the national party's not having the same kind of success. The DNC raised around $3.3 million last month, while the Republican National Committee raked in over $5 million.
Thanks to a larger transfer of campaign cash left over from Obama's presidential run, the DNC was able to report $5.4 million in total contributions last month, slightly edging out the RNC. But when it comes to cash on hand - the amount of money the parties have in the bank - the DNC trails the RNC $24 million to $8.5 million.
WASHINGTON (CNN) – A decision by the Federal Election Commission may ensure that the drawn-out Senate contest between Al Franken and Norm Coleman will not end any time soon.
The Federal Election Commission recently announced that the Democratic Senatorial Campaign Committee can establish a recount fund to collect donations that will be used to cover expenses related to 2008 Minnesota senate recount and election contest.
The FEC decision allows the DSCC to raise $30,400 from individuals and $15,000 from multicandidate political committees during 2009. These new contributions are in addition to and separate from any other donations made to the DSCC for its overall efforts to support Democratic Senate candidates.
Attorneys for national Republicans submitted legal arguments to the FEC in support of the DSCC and the practical effect of the FEC's decision is to allow both parties to engage in separate, additional fundraising to cover the mounting costs of the Franken-Coleman battle.