Latest Source of Soft Money: Congress Itself
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To move up the ladder, you must do more than win votes. You are, quite literally, expected to pay your dues.
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By Christopher Faille, Financial Correspondent
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U.S. House members spent $20.3 million in tax money last year to send constituents what's often the government equivalent of junk mail
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Wealthy members of Congress can give unlimited amounts of their own money to groups for get-out-the-vote drives even though they are barred from raising big checks for their campaigns or others, election officials said Thursday.
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Even though it seems like Uncle Sam wants to siphon every last dime from Americans&#39; pockets, the government actually tries to give back cash when it collects too many tax dollars.
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As the race for control of Congress turns toward its final sprint to Election Day, independent organizations with ideological or commercial stakes in the outcome are pouring record amounts of money into the closest contests -- in some cases eclipsing the spending of the candidates themselves.
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The DemocratsÃ¢ÂÂ capture of a House majority in the 2006 elections has translated into a fundraising boon for the partyÃ¢ÂÂs national House campaign organization, the Democratic Congressional Campaign Committee (DCCC). The committee brought in $8.6 million in September alone, according to its most recent report to the Federal Election Commission (FEC), more than tripling the $2.6 million in receipts reported by its partisan counterpart, the National Republican Congressional Committee (NRCC).
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Financial PR: Soft talk, hard profits
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Congress is trying to end a practice that unintentionally has allowed banks to take in billions of dollars meant to help students pay for college.
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Much of the nation&#39;s media makes it seem as if soft-money spending on campaign ads by the so-called &quot;shadow parties&quot; is a Republican thing.
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As a Washington journalist during the 90s, I made frequent treks to the Federal Election Commission to inspect cabinets full of campaign-finance reports to find out who was giving to whom.    Though some data were available through a proprietary online system, those $20-per-hour access fees added up...
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On the campaign trail, members of Congress often promise to eliminate pork-barrel spending. After all, the federal deficit is now up to $413 billion, and the US is waging an expensive war in Iraq.
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Lawmakers continue to invite corporate lobbyists to help pay for fund-raisers that look a lot like the ones that Congress just barred lobbyists from sponsoring.
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The US House of Representatives approves a major financial package designed to stimulate the US economy.
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How you pay -- paper vs. plastic -- can put a crimp in your spending power.
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The political world scrambled yesterday to reckon with the Supreme Court's loosening of limits on "soft money" expenditures and its implications for the 2008 campaign season: a potential surge in television advertisements paid for by unions and corporations that in recent years had fewer outlets for...
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How Fools can capitalize on the current interest rate environment.