Citizens United News
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Put aside the politics, and the question of who-knew-what-when. There are two policy problems highlighted by the controversies at the Internal Revenue Service and the Department of Justice. The first is the growth of 501(c)(4) groups into vehicles for anonymous and unlimited political spending. The second is the Barack Obama administration’s overzealous prosecution of leaks.
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With a record 720 dissenting opinions to his credit, former Supreme Court Justice John Paul Stevens joked that he should be given “a lifetime failure award.”
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Traders are standing by Platts, the company that provides benchmark prices for much of the world’s energy products, amid a European probe into market manipulation.
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Securities and Exchange Commission Chairman Mary Jo White rebuffed calls by House Republicans to forswear a rule that would force public companies to disclose political spending, saying she won’t “prejudge the issue.”
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The Internal Revenue Service, under pressure to regulate political spending by nonprofit groups, now faces investigations into its scrutiny of some organizations seeking nonprofit status.
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Can small money overwhelm big money? Faced with a hostile Supreme Court and a gridlocked Congress offering little chance of passing legislation, today’s campaign- finance reformers sure hope so.
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Federal Election Commissioner Caroline Hunter’s term expires today, which means all of the commission members are now serving on borrowed time.
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Caroline Hunter’s six-year term on the Federal Election Commission expires today. If recent history is any guide, what will happen next is ... nothing. Of the six seats on the FEC, which interprets and administers the nation’s election laws, one is vacant and the others are occupied by commissioners with expired terms. It’s tempting to conclude from this that inertia dominates the FEC but that would be mistaken: The commission is more destructive than mere inertia could possibly allow.
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Investors have pushed more than 120 public companies in the U.S. to reveal previously confidential details of their political spending even as regulators remain deadlocked over whether to mandate such disclosures.
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Senate hearings, lawsuits and an Internal Revenue Service questionnaire are placing new scrutiny on nonprofit groups that spend millions of dollars on political campaigns without disclosing their donors.
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