A new Republican political action committee that can accept unlimited campaign donations will be “laser-focused” on preserving the party’s House majority in the 2012 elections, said a former senator helping oversee the effort.
A Maryland public pension fund was named lead plaintiff in a consolidated shareholder lawsuit against Toyota Motor Corp. accusing the carmaker of failing to disclose defects related to sudden-acceleration of its vehicles.
Republican David Jolly’s victory in a Florida congressional election this month has given outside groups focused on a broader goal a playbook for how to gain the six seats the party needs to take control of the U.S. Senate.
Redistricting obliterated his House seat serving central Iowa. Still, Republican Representative Tom Latham has something going for him: a 4-1 cash edge in his re- election race against Democratic Representative Leonard Boswell in a merged district.
The outside groups spending record amounts to help elect Republicans this year are required to work independently of the campaigns. The ties that bind them to the party ensure that there isn’t too much distance.
Louis J. Schaufele, the former Lehman Brothers Holdings Inc. and Banc of America Securities broker sued by U.S. regulators for helping Charles and Samuel Wyly employ offshore entities to mislead investors, defended the use of the companies before Congress in 2006.