Tax-exempt nonprofit groups account for some of the biggest, yet most mysterious, spending in the presidential election. And now they’ve attracted the attention of New York’s attorney general. Eric Schneiderman, a Democrat, has asked two dozen nonprofits to explain how...
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Photograph by Fred R. Conrad/The New York Times via Redux
New York State Attorney General Eric Schneiderman
Tax-Exempt Political Groups Probed by NY Attorney General
Photograph by Matthew Staver/The New York Times via Redux
Supporters at a Mitt Romney event in Golden, Colo., on Aug. 2, 2012.
Team Romney Wins Money Race For Third Month
Republican presidential challenger Mitt Romney and his Republican allies have out-raised President Barack Obama and the Democrats for a third consecutive month. The campaigns reported their July fundraising numbers this morning: $101.3 million for Romney Victory and more than $75...
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Photograph by Simon Dawson/Bloomberg
George Soros, founder of Soros Fund Management LLC.
Billionaire Democrats? They Do Exist
Wealthy donors whose net worth begins with a “B” and whose politics are “D” have emerged. A trio of billionaires contributed more than $3 million in June to a super-PAC supporting President Barack Obama. Their checks accounted for half of...
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Photograph by Andrew Harrer/Bloomberg
The Internal Revenue Service (IRS) building in Washington.
IRS ‘Will Consider’ Changes for Tax-Exempt Groups in Politics
The Internal Revenue Service will consider changing the regulations governing non-profit “social welfare” groups that are buying millions of dollars in television ads to try to influence the presidential election and other races. A three-paragraph letter dated July 17 represents the first...
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Photograph by Saul Loeb/AFP/Getty Images
A protester against the Supreme Court ruling on healthcare on June 28, 2012.
Romney Reports Cash Infusion: $1 M
Updated at 2 pm and 2:30 pm EDT Mitt Romney supporters opened their wallets immediately following today’s Supreme Court decision upholding the core of President Barack Obama’s health-care law, according to the Republican candidate’s campaign. By 11:30 a.m., less than...
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Photograph by Chuck Burton/AP Photo
A Bank of America ATM in Charlotte.
Bloomberg by the Numbers: 21
That’s the percentage of Americans who say they have a “great deal” or “quite a lot” of confidence in U.S. banks — a record low, according to a Gallup survey taken June 7-10. The polling group has asked respondents for...
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Photograph by Jewel Samad/AFP/Getty Images
A President Barack Obama supporter in Des Moines, Iowa.
Bloomberg by the Numbers: $240 M
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...
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Photograph by Chip Somodevilla/Getty Images
Donations to the Orange County Liberty Counsel in Florida.
Supreme Court Doubles the Money
If there was any doubt about the Supreme Court’s stance on Citizens United — the ruling that opened a floodgate of big donations to political campaigns — that was removed today. Without even holding any arguments on the case, the...
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Photograph by Joe Raedle/Getty Images
Mitt and Ann Romney in Freeland, Michigan.
Top Romney Donors Descend on Utah Town for Exclusive Weekend
Top donors to Republican presidential candidate Mitt Romney are gathered in Park City, Utah for a weekend-long retreat that offers the chance to mingle with campaign strategists, party officials and the candidate himself. The event features private meetings and strategy sessions...
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Photograph by Joe Raedle/Getty Images
Mitt Romney supporters in Davenport, Iowa.
Romney Struggling to Attract Small Donors
Despite raffling off meals — including dinner with Donald Trump — and baseball tickets, all for a minimum contribution of $3, presumptive Republican nominee Mitt Romney is still struggling to attract small-dollar donors to his campaign. As Romney campaigned to...
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Contributors
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Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Julie Hirschfeld Davis
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Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
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Hans Nichols
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Margaret Talev
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Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
