Political Capital

Posts tagged: fec

Charles Schwab, chairman of Charles Schwab Corp.

Photograph by Daniel Acker/Bloomberg

Charles Schwab, chairman of Charles Schwab Corp.

Bechtel, Schwab Break Donations Dam

Philanthropist Stephen D. Bechtel Jr., gave almost $100,000 last month to a Republican committee created after the Supreme Court struck down limits on aggregate campaign contributions. Bechtel, who formerly led Bechtel Group Inc., the contractor that built the Hoover Dam,...

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A 'Ready For Hillary' cap in Alexandria, Virginia.

Photograph by Paul J. Richards/AFP via Getty Images

A 'Ready For Hillary' cap in Alexandria, Virginia.

Ready for Hillary PAC: Goes Hybrid: Ready to Donate

Updated at 4:25 p.m. Ready for Hillary is ready for other candidates. The super-political action committee urging former Secretary of State Hillary Clinton to run for president in 2016 will be sending campaign donations to preferred candidates. Ready for Hillary...

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Bill Gates, co-chair and trustee of Bill and Melinda Gates Foundation and a Berkshire Hathaway Inc. director, tosses a newspaper as he tours the exhibition floor prior to the Berkshire Hathaway shareholders meeting in Omaha, Nebraska, on May 3, 2014.

Photograph by Daniel Acker/Bloomberg

Bill Gates, co-chair and trustee of Bill and Melinda Gates Foundation and a Berkshire Hathaway Inc. director, tosses a newspaper as he tours the exhibition floor prior to the Berkshire Hathaway shareholders meeting in Omaha, Nebraska, on May 3, 2014.

Gates, Koch Help Fund Senate Committees, DSCC Buys a Home

Two of the world’s six richest people made large campaign contributions last month to the two partisan organizations overseeing political strategy in this year’s Senate elections. You’ll recognize the names. Bill Gates, Microsoft co-founder and the world’s richest person, sent...

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Matt Bevin, republican Senate candidate for Kentucky, during the Knob Creek Gun Range Machine Gun Shoot Out in West Point, Ky.

Photograph by Tom Williams/CQ Roll Call via Getty Images

Matt Bevin, republican Senate candidate for Kentucky, during the Knob Creek Gun Range Machine Gun Shoot Out in West Point, Ky.

Bevin Loans $350,000 More to McConnell Challenge

Kentucky businessman Matt Bevin, in an uphill battle to dethrone Senate Minority Leader Mitch McConnell in a Republican primary next week, is turning again to his biggest donor: Himself. Bevin loaned his campaign $350,000 on May 8, raising the amount...

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Republican political consultant Karl Rove attends the opening ceremony of the George W. Bush Presidential Center on April 25, 2013 in Dallas.

Photograph by Kevork Djansezian/Getty Images

Republican political consultant Karl Rove attends the opening ceremony of the George W. Bush Presidential Center on April 25, 2013 in Dallas.

Singer, Griffin Join Billionaires Backing Rove Super-PAC

Billionaires B. Wayne Hughes, Paul Singer and Ken Griffin are among two dozen donors who together gave $5.2 million last month to American Crossroads, a Republican group aligned with political strategist Karl Rove. Hughes, co-founder of Public Storage, sent $500,000...

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Cornell Woolridge rallies against money in politics, at the Supreme Court in Washington, on Oct. 8, 2013 in Washington, DC.

Photograph by Drew Angerer/Getty Images

Cornell Woolridge rallies against money in politics, at the Supreme Court in Washington, on Oct. 8, 2013 in Washington, DC.

Bloomberg by the Numbers: $123,200

The Supreme Court invalidated the two-year aggregate limit on federal campaign contributions, which was $123,200 for the 2013-2014 election cycle. Voting 5-4 along ideological lines, the court yesterday said the caps violated the First Amendment speech rights of Alabama Republican...

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Senator Al Franken, a Democrat from Minnesota, waits to start a Senate Judiciary Committee hearing in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Senator Al Franken, a Democrat from Minnesota, waits to start a Senate Judiciary Committee hearing in Washington, D.C.

Anti-Franken Super-PAC Emerges

A super-political action committee has organized to oppose Democratic Sen. Al Franken’s re-election in Minnesota, a state Republicans are seeking to put in play amid an expanding field of competitive Senate elections. “The Heartland Campaign Fund has been formed to...

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U.S. Rep. Charles Djou (R-HI), left, participates in a mock swearing-in ceremony with Speaker of the House Rep. Nancy Pelosi (D-CA) with his wife and children on May 25, 2010 on Capitol Hill in Washington, DC.

Photograph by Alex Wong/Getty Images

U.S. Rep. Charles Djou (R-HI), left, participates in a mock swearing-in ceremony with Speaker of the House Rep. Nancy Pelosi (D-CA) with his wife and children on May 25, 2010 on Capitol Hill in Washington, DC.

Hawaiian Republican Djou Prepares For Comeback Campaign

Former Hawaii Republican congressman Charles Djou is making formal preparations for a campaign to rejoin the House of Representatives. The campaign committee Djou Hawaii was organized with the Federal Election Commission last week, allowing Djou to raise money for a bid...

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A BP Plc logo at a gas station in London.

Photograph by Matthew Lloyd/Bloomberg

A BP Plc logo at a gas station in London.

BP Boosts PAC Giving as Company Fights Suspension

As BP fights a suspension from U.S. government contracting stemming from the 2010 Gulf of Mexico oil spill, the London-based company is boosting its campaign contributions. The company’s political action committee made $208,000 in donations in 2013, almost three times the $70,500 it gave during 2011,...

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Delegates visit the AT&T booth at the Democratic National Convention in Charlotte, North Carolina, on Sept. 4, 2012.

Photograph by Daniel Acker/Bloomberg

Delegates visit the AT&T booth at the Democratic National Convention in Charlotte, North Carolina, on Sept. 4, 2012.

January: When Companies Donate To Both Political Parties

Many companies make campaign contributions to both political parties, sometimes on the same day. At a time of divided government, the companies want to curry favor with Democratic and Republican lawmakers whose actions affect the firms’ bottom line. There’s also...

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