Campaign Funds, Super Pac | featured news

Democrats are stepping up the pressure on politically active nonprofit groups to divulge their largest donors, part of a broader partisan debate over disclosure rules that has spilled into the race between President Obama and Mitt Romney.

Despite the uptick in money going to the super PAC, Obama campaign officials said Wednesday the other side will still have the advantage in outside money. They are prepared for the president to be the first incumbent who will be outspent by a challenger — bracing for Romney and his allies to pump more than $1 billion into TV ads alone.

Democratic President Barack Obama's top campaign lawyer filed a complaint with the federal election regulator on Tuesday, demanding that the well-heeded and high-spending Republican advocacy group Crossroads GPS disclose its donors... "There has never been any doubt about its true purpose: to elect candidates of its choice to the presidency and Congress," Obama campaign lawyer Robert Bauer wrote in his complaint to the FEC, posted online by the New York Times on Tuesday alongside the letter to Crossroads GPS that accompanied it.

Sheldon Adelson has reportedly given $10 million to Republican Mitt Romney’s Super PAC. This should come as no surprise and expect the $10 million to be just be the beginning of a total gift that Adelson, the billionaire owner of the Las Vegas Sands casino empire, will likely rain on the Romney campaign.

Ever since the Supreme Court’s Citizens United decision in 2010 struck down restrictions on the ability of corporations to spend money in political campaigns, Democrats have been warning their followers that a tidal wave of conservative cash threatened to swamp liberal candidates.

A pro-Romney super PAC received $400,000 from a West Palm Beach, Fla., company that has been listed as inactive in state since March 2011.

Crossroads GPS, a conservative nonprofit group that is one of the most prominent critics of President Obama, raised nearly $77 million in its first 19 months from a small cadre of secret donors, including two dozen who wrote checks of $1 million and more.

President Barack Obama raised a combined $53 million for his campaign, the Democratic Party and other campaign-related funds in March. He's preparing to face Mitt Romney and a rejuvenated GOP in the general election.

Amid a growing perception that Mitt Romney will be the party’s nominee, the biggest of the Republican “super PACs” is set to begin its first major anti-Obama advertising campaign.

Super PACs have poured nearly $4 million into advertising in Ohio ahead of Super Tuesday, accounting for most of the spending in what has become an overwhelmingly negative contest.