Political Capital

Daily Archives: November 12, 2012

Government contractor Oshkosh Corp.'s M-ATV vehicle. Photograph by Oshkosh Corp. via Bloomberg

Government contractor Oshkosh Corp.'s M-ATV vehicle. Photograph by Oshkosh Corp. via Bloomberg

U.S. Contract Terminations Coming

Contractors may see more canceled deals with the U.S. government as the federal budget shrinks, according to Robert Burton, a former top procurement official under President George W. Bush. “Terminations for convenience” on federal awards will “absolutely” trend upwards, said...

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GOP strategist and American Crossroads backer Karl Rove. Photograph by Northwest Florida Daily/AP Photo

GOP strategist and American Crossroads backer Karl Rove. Photograph by Northwest Florida Daily/AP Photo

Down to the Crossroads: $5 Million — Final Wager in Six-for-22 Series

American Crossroads and Crossroads GPS dumped more than $5 million into ads attacking President Barack Obama in the three days before the election. The two groups tied to Karl Rove reported the last-gasp spending to the Federal Election Commission today...

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Las Vegas Sands Corporation Chairman Sheldon Adelson in May 2012. Photograh by John Locher/Las Vegas Review-Journal/AP Photo

Las Vegas Sands Corporation Chairman Sheldon Adelson in May 2012. Photograh by John Locher/Las Vegas Review-Journal/AP Photo

Adelson’s Losing Bets on Congress — Allen West’s Loss Makes Six

Sheldon Adelson and his wife Miriam bet $53.4 million on the 2012 elections. They lost. With Democrat Patrick Murphy’s victory over Republican Rep. Allen West in a House race in Florida only recently counted, the Adelsons didn’t pick a winner...

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