New York (CNNMoney) – The Obama campaign announced Thursday that it will begin to accept donations via text message this week, marking the first move by a political campaign into fundraising territory pioneered by charities.
The system will allow cell phone users to make small donations - less than $50 at a time - to the Obama campaign via text message. The charge will be added to the user's monthly cell phone bill.FULL STORY
New York (CNNMoney) – Washington awoke with hair on fire Wednesday after media reports - many of which later required corrections - suggested that the Democratic Party was suddenly split over extending the Bush tax cuts.
Bill Clinton's interview Tuesday on CNBC came first. The former president suggested that a temporary extension of the tax cuts would be an acceptable - and indeed the most likely - outcome of talks over the expiring tax cuts. (He soon walked his statement back.)FULL STORY
New York (CNNMoney) – President Barack Obama has made a boatload of promises for the economy.
He's pledged to do plenty of things during his presidency - cut the deficit in half, double exports and slash unemployment. The list goes on and on. Some have worked out, and others not so much.FULL STORY
New York (CNNMoney) – Surprise! The budget battles are back.
In an effort to avoid cuts to defense spending, House Republicans are pushing a bill that would shift hundreds of billions in spending cuts from the Pentagon to domestic programs, services for the poor and government regulators.FULL STORY
New York (CNNMoney) – Well, it's over. Mitt Romney has amassed a nearly-insurmountable delegate lead, and is on track to become his party's nominee for president.
The road to victory hasn't been easy for the former Massachusetts governor. The primary campaign stretched on for months, and at least 10 different candidates topped the national polls at some point.FULL STORY
(CNN) - Rep. Paul Ryan is scheduled to deliver a speech at Georgetown University later this week, but he is unlikely to receive a standing ovation from some members of the faculty.
Almost 90 faculty members at the prestigious Jesuit school have signed a letter to Ryan that claims the Republican budget guru is misinterpreting Church doctrine as it relates to the role of government in public life.FULL STORY
NEW YORK (CNNMoney) - With primary season over, the race for president - and the race for cash - is about to heat up.
Campaign finance experts expect President Obama and Mitt Romney will attract enough money to break all previous fundraising records. For Obama, who raised $750 million in 2008, a jump up to $1 billion is not out of the question.FULL STORY