That’s how much super-political action committees have raised thus far in the 2012 election cycle, according to the Center for Responsive Politics, a nonpartisan group in Washington that tracks political giving.
Super-PACs grew out of a series of regulatory and court rulings in 2010 including the Citizens United case, which the Supreme Court affirmed yesterday in invalidating a Montana statute banning independent political spending by corporations.
While more than 600 super-PACs have been created, just four have accounted for 56 percent of their total receipts.
Restore Our Future, a super-PAC that backs Republican Mitt Romney for president, raised $61.5 million through May, followed by American Crossroads, another Republican super-PAC, with $34.5 million. Winning Our Future raised $23.9 million, most of it from billionaire casino executive Sheldon Adelson and his family.
Priorities USA Action, which backs President Barack Obama’s re-election, raised $14.6 million.
Obama and Romney are busy raising cash for their own campaigns, as both look to close June with a spurt of money that they can brandish to supporters and the press.
The president raised money yesterday in Boston and is collecting contributions in Atlanta and Miami today, Bloomberg’s Margaret Talev writes. Romney is campaigning in Virginia, one of about a dozen states that Democratic and Republican strategists consider as competitive.
On other fronts:
Julie Hirschfeld Davis writes about how the immigration issue is a political “minefield” for Obama and Romney after the Supreme Court struck down most of Arizona’s curbs on illegal immigration yesterday.
It’s primary election day in five states including New York, where the marquee race is Harlem Democrat Charles Rangel’s bid for a 22nd House term. Peter Green writes about Rangel for Political Capital, which also features my own preview of key primaries to watch.