Michael Malbin News
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Small-dollar donations remain the backbone of President Barack Obama’s fundraising prowess while presumptive Republican nominee Mitt Romney tries to catch up.
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Republican presidential candidate Mitt Romney and aligned party committees raised more money than President Barack Obama and Democrats for the third straight month, according to statements by both campaigns today.
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Each week, Michele Bachmann’s presidential primary campaign sends an e-mail to grassroots supporters summarizing the latest news about her campaign, and asking for a few more dollars.
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The Romney and Obama campaigns want supporters to be able to send contributions instantly using their smartphones, a step that would let telecommunications companies join in collecting fees that now flow to bank-card networks.
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President Barack Obama, who has been characterized as anti-business by his political opponents, has received more in campaign contributions from business executives this year than any Republican presidential candidate.
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Governor Rick Perry has shown himself as a master of Texas-style campaign fundraising, collecting more than $100 million during his decade as the state’s chief executive, mostly from the deep pockets of rich Texans and corporations.
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In the first test of the 2012 presidential campaign, the Republican field of candidates is lagging behind the fundraising pace of both Democratic and Republican contenders at the start of the 2008 campaign.
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President Barack Obama raised $12 million for his re-election campaign last month, according to disclosures filed today with the Federal Election Commission.
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The national firefighters’ union reversed course and is planning to support federal candidates, joining the U.S. labor movement in putting up cash to influence next year’s elections for Congress and the White House.
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More than 50 years ago, Joseph Kennedy used his wealth to advance the political career of his son, President John F. Kennedy. Last month, Jon Huntsman Sr. tried to do the same thing.
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