March 25th, 2009
03:09 PM ET
5 years ago

New role for Obama: Fundraiser-in-chief

President Barack Obama takes his first stab tonight at the role of fundraiser-in-chief.
President Barack Obama takes his first stab tonight at the role of fundraiser-in-chief.

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.

FULL POST


Filed under: DNC • FEC • President Obama • Republican National Committee
March 24th, 2009
02:58 PM ET
5 years ago

FEC signs off on fundraising to support Franken-Coleman battle

The FEC made a decision about fundraising for the Coleman-Franken election constest.
The FEC made a decision about fundraising for the Coleman-Franken election constest.

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.

FULL POST


Filed under: Al Franken • FEC • Norm Coleman
January 29th, 2009
06:20 PM ET
3 months ago

DNC seeks to join RNC suit over McCain's reform law

The DNC said Thursday that it wants to participate in an RNC lawsuit challenging a provision of a campaign finance reform law co-sponsored by Sen. McCain.
The DNC said Thursday that it wants to participate in an RNC lawsuit challenging a provision of a campaign finance reform law co-sponsored by Sen. McCain.

WASHINGTON (CNN) – The Democratic National Committee is backing a piece of trademark legislation championed by former GOP presidential nominee Sen. John McCain - asking the courts to allow it to defend the McCain Feingold campaign finance reform law against a challenge by the Republican National Committee.

The Bipartisan Campaign Reform Act of 2002, commonly known as the McCain Feingold bill after its two Senate sponsors, banned so-called "soft money" – funds not subject to federal contribution limits and other restrictions – from use in federal elections and, at the same time, increased the contribution limits for "hard money," or money subject to federal limits and restrictions.

Originally filed last November, the RNC's suit challenges the law's soft money ban on the grounds that it violates the national party's right under the First Amendment to engage in political speech and other political activity.

In an effort to defend the law, the DNC announced Thursday that it wants to participate in the RNC's suit against the Federal Election Commission.

"Cloaked in the veil of a constitutional challenge, the RNC is callously attempting to dismantle needed reforms to make up for their fundraising deficiencies," DNC General Counsel Robert Bauer said in a statement.

Read: The DNC's motion to intervene

FULL POST


Filed under: DNC • FEC • RNC
January 23rd, 2009
11:58 AM ET
3 months ago

FEC issues new contribution limits

(CNN) - The Federal Election Commission announced Friday increased contribution limits for the 2009-2010 federal campaign cycle.

Donors may now contribute $2,400 to a federal candidate during the primaries and an additional $2,400 during the general election. In the 2007-2008 cycle which just ended, the contribution limit for the primaries and general election was $2,300 each.

The limit for individual donors making contributions to a national party committee, such as the Democratic National Committee or the Republican National Committee, has also increased to $30,400, up from $28,500 in 2007-2008.

FULL POST


Filed under: FEC
December 30th, 2008
05:42 PM ET
5 years ago

Returned Kennedy donation explained

Kennedy donated to both Hillary Clinton and Barack Obama.
Kennedy donated to both Hillary Clinton and Barack Obama.

WASHINGTON (CNN) – Caroline Kennedy’s $2,300 donation to Hillary Clinton’s presidential campaign was not returned because of her decision to endorse Barack Obama in the Democratic primary, a Clinton aide told CNN — it was sent back because the New York senator’s loss meant she would not be able to keep funds that had been contributed for her general election campaign.

The return was first reported Monday by the New York Post’s Page Six. Information available on Opensecrets.org confirms that a donation to Clinton from Kennedy was returned in August of this year, but does not provide any reason that the $2,300 was returned. Information available from the Web site of the Federal Election Commission shows that Kennedy donated the legal maximum of $4,600 to Clinton in June 2007 in two separate donations of $2,300 each.

Individual donors are limited to $2,300 to support a candidate’s primary run, and $2,300 to support a general election run for the White House.

A spokesman and adviser to Sen. Clinton informed CNN that Kennedy was one of approximately 8,000 donors who all had their contributions for Clinton’s general election bid returned on the same day four months ago.


Filed under: Caroline Kennedy • FEC • Hillary Clinton
December 5th, 2008
09:23 AM ET
5 years ago

Obama's gamble pays off

Obama's campaign brought in nearly $750 million dollars.
Obama's campaign brought in nearly $750 million dollars.

WASHINGTON (CNN) – He’s the three-quarters of a billion dollar man.

Barack Obama's presidential campaign hauled in nearly $750 million dollars during this very long and historic campaign for the White House. That's more than twice what his opponent, Republican presidential nominee John McCain, raised and it's more than what George W. Bush and John Kerry combined raked in during the 2004 presidential campaign.

In a report filed with the Federal Election Commission Thursday, the Obama campaign reported spending over $100 million during the final few weeks leading up to the November 4 election, far more than McCain.

Obama opted out of taking public funds during the September to November general election period, becoming the first candidate for president to opt out of public financing since the system was created in the 1970s. Obama gambled that he could raise more money than the $84 million McCain received in public funds. That gamble apparently paid off.

Some other numbers: The Obama campaign raised $104 million in the five weeks leading up to and just after Election Day. And as of November 24, the last day included in this report, the Obama campaign had nearly $30 million left in the bank.


Filed under: Candidate Barack Obama • FEC • John Kerry • John McCain • Uncategorized
November 13th, 2008
12:21 PM ET
5 years ago

RNC to file suits over reform law championed by McCain

The RNC announced Thursday that it is filing two lawsuits about the McCain-Feingold campaign finance reform bill.
The RNC announced Thursday that it is filing two lawsuits about the McCain-Feingold campaign finance reform bill.

(CNN) – The Republican National Committee is taking aim at the campaign finance reform law that is one of the trademark legislative achievements of the party’s 2008 presidential nominee, Sen. John McCain.

The RNC announced Thursday that it will file two lawsuits challenging portions of the Bipartisan Campaign Reform Act, a major overhaul of federal campaign finance law enacted in 2002 that ban so-called “soft money” from the federal elections and that is commonly referred to as the “McCain-Feingold” bill after its two Senate sponsors.

A suit to be filed in Louisiana federal district court challenges the law’s limits on the amount of money national and state political parties may spend in coordination with candidates for seeking federal offices.

A second suit to be filed in federal court in Washington, D.C., challenges the McCain-Feingold bill’s ban on the use of “soft money” for activities that are not related to campaigns for federal office.

The RNC is charging that challenged portions of the law violate the First Amendment. “The RNC must have the ability to support state candidates, coordinate expenditures with our candidates, and truly engage in political activity on a national level,” RNC chairman Mike Duncan said in a statement released Thursday. “The RNC has operated under and complied with these provisions of the law since their enactment, and as applied it is unconstitutional,” Duncan added.

Duncan and RNC lawyers are set to discuss the two suits with reporters in a conference call Thursday afternoon.


Filed under: FEC • John McCain • RNC
October 25th, 2008
12:55 PM ET
5 years ago

Dems fire back over campaign financing

(CNN) – After nearly a month of Republican assaults on the fundraising of Sen. Barack Obama, the Democratic National Committee is returning fire.

The DNC announced Saturday that it intends to file a complaint with Federal Election Commission about contributions to Sen. John McCain’s presidential campaign.

Read: The DNC's FEC complaint

Democrats will ask the FEC to investigate whether the McCain campaign accepted contributions in excess of the legal limits, entirely failed to report contributions, and accepted anonymous contributions in amounts greater than $50. The DNC will also request a complete audit of all contributions to the McCain campaign.

McCain was a co-sponsor of a 2002 law that effectuated a major overhaul of federal campaign finance laws. The DNC emphasized McCain’s history of supporting campaign finance reform in announcing its complaint. "The McCain campaign's lack of disclosure and disregard for the law he helped write raises serious questions about John McCain's commitment to the openness and transparency the voters expect from their leaders," the DNC’s General Counsel Joe Sandler said in a statement.

The Democratic complaint comes after the Republican National Committee and the McCain campaign have spent much of October assailing the Obama campaign for questionable donations and for lack of adequate controls to comply with legal requirements in its phenomenally successfully fundraising efforts which has yielded many small donations collected over the Internet.

Citing press reports, the RNC filed an FEC complaint that seeks an investigation into donations to the Obama campaign and an audit of every contribution to Obama including those donations the law does not require the Obama camp to disclose because they are less than $200. Republicans have also recently sought to pressure Obama to disclose his small-dollar donations even without a legal requirement to do so.


Filed under: Candidate Barack Obama • DNC • FEC • John McCain • RNC
October 22nd, 2008
04:59 PM ET
5 years ago

RNC to add to FEC complaint on Obama's fundraising

The Obama campaign recently announced that it has three million individual donors.
The Obama campaign recently announced that it has three million individual donors.

(CNN) – The Republican National Committee announced Wednesday that it plans to submit an addendum to its recent complaint filed with the Federal Election Commission about the fundraising of Sen. Barack Obama’s presidential campaign.

“This is an organization that has raised over $450 million in campaign contributions,” RNC chief counsel Sean Cairncross told reporters Wednesday. “This is money that is used to elect a potential president of the United States and there are some substantial questions where some of it came from and whether some of it was raised in compliance with the law,” Cairncross added.

The addendum will be based on additional press reports of questionable donations to Obama that have come to light since the complaint was filed on October 6, according to Cairncross.

Listen: Cairncross explains updates to RNC's FEC complaint


FULL POST


Filed under: Candidate Barack Obama • FEC • RNC
October 6th, 2008
06:55 PM ET
6 years ago

RNC files FEC complaint about Obama camp's finances

The RNC has asked the FEC to audit every contribution Obama has received from each of his more than 2.5 million donors.
The RNC has asked the FEC to audit every contribution Obama has received from each of his more than 2.5 million donors.

(CNN) – The Republican National Committee asked the Federal Election Commission Monday to audit the more than $450 million donated to Sen. Barack Obama’s presidential campaign.

Read: The RNC's complaint

Citing multiple media reports about questionable donations to Obama, the GOP is asking the federal agency to audit every contribution to the Democratic nominee – even those from small dollar donors which the campaign is not legally required to itemize on its finance reports to the FEC.

“The RNC believes that” the Obama campaign “has (1) accepted prohibited foreign national contributions and (2) knowingly done so through its failure to reasonably investigate questionable contributions originating abroad,” reads the complaint.

Republicans are also asking the FEC to look into whether Obama’s campaign failed to screen out contributions from individuals that exceeded donation limits when considered together. “FEC reports indicate, and media accounts highlight that [the Obama campaign] repeatedly accepts excessive contributions from individuals, including those with obviously fictitious names,” the complaint says.

The Obama campaign issued a statement Sunday that suggested it was the victim of Internet fraud. “Without accepting a dime from the Washington lobbyists or corporate PACs that have funded John McCain's campaign, our campaign has shattered fundraising records with donations from more than 2.5 million Americans,” Obama-Biden spokesman Bill Burton said in a statement issued Sunday after the RNC announced its plan to seek an FEC audit. “We have gone above and beyond the transparency requirements by disclosing our bundlers and the levels of contributions they raise. We constantly review our donors for any issues and while no organization is completely protected from internet fraud, we will continue to review our fundraising procedures to ensure that we are taking every available to step to root-out improper contributions,” Burton added.

According to the Washington Post, questions have also recently been raised about donations to Sen. John McCain. The Republican nominee's camp has not responded to CNN’s request for comment about the FEC complaint filed Monday by the RNC or about the report that the FEC is also asking for additional information about some contributions to McCain.

Related: RNC says it will seek audit


Filed under: Candidate Barack Obama • FEC • John McCain • RNC
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