Campaign Fund-raising, Elections | featured news

The Democratic Congressional Campaign Committee raised a record $22.6 million during the first three months of the year, officials announced Thursday. It ended March with $8.9 million in cash reserves and $4.5 million in debt.

Tom Donohue, president of the U.S. Chamber of Commerce, indicated Monday that reports that the business group would spend $50 million on the 2012 elections are too low.

President Barack Obama's campaign set a goal of raising $60 million in the fourth quarter of the year to benefit the Democratic incumbent's re-election and the Democratic National Committee, a campaign official said on Saturday.

Billionaire Meg Whitman has contributed an additional $13 million of her own money to her effort to become California's next governor, bringing the Republican nominee's personal stake in her election bid to $104 million.

Two court decisions Friday are likely to help set the ground rules for 2010 election fundraising: The Republican Party lost its bid to raise unlimited contributions, while a conservative group won approval to raise big donations for ads ...