Why the Democrats are Worrying About Money
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Despite their lead in the polls, congressional Democrats are concerned, and even feuding, about whether they will have enough cash to take back the House this fall
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When it comes to fund investing, the devil is in the details.
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With Democrats Hillary Clinton and Barack Obama locked in a draw for votes, the battle is on for funds as the longest, most expensive White House race on record drains millions already raised.
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Whatever the reasons John Kerry and the Democrats lost the race for the White House, lack of money wasn't one. Tax-exempt pro-Democratic groups raising big checks for this year's election collected almost twice as much money as their Republican rivals in the presidential race, a study shows. The financial advantage comes in addition to record fund raising by Kerry, the unsuccessful candidate, and the Democratic Party.
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Consumers aren't the only ones getting hit by inflation. Campaign donors will also feel its effect as candidates and political parties raise money for the 2006 elections.
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The poor are the people most likely to spend a tax rebate, if they are handed one in an economic revival plan. Whether that happens depends on who prevails Â the White House or the Democrats who run Congress.
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Regrouping after heavy election losses, the Democrats' Senate fund-raising operation has paid nearly &#36;4 million in debts and recruited senators to raise money, enlist candidates and develop strategy for 2006.
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When Democrats blasted Republicans last fall for taking annual congressional pay raises while blocking numerous attempts to raise the minimum wage, it was an effective campaign tactic. Democrats vowed not to accept the annual cost-of-living hike until Congress increases the minimum wage.
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Several thousand political contributors have donated to two or more presidential candidates this year, an overlap in giving that tilts decidedly to the Democrats.
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Democratic White House hopefuls have opened a fundraising gap of tens of millions of dollars over Republicans, with the 2008 race on course to become the first billion dollar US election.
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Money helped winnow the presidential field. It hasn't determined who each party's nominee will be.
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The campaign fundraising figures reported by individual House and Senate candidates do not tell a complete or necessarily accurate story of the levels of campaign spending in their races. That is because outside playersÃ¢ÂÂ spending also is a major factor in virtually all of the most competitive races Ã¢ÂÂ including the money put in by the national partiesÃ¢ÂÂ campaign committees.
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For Democratic candidates, the growing risk of a recession is an opportunity for action. For Republicans, it presents a dilemma.
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The president is warning against 'excessive' spending, as Democrats seek to add $22 billion to his budget request.
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Wins are pumping money into candidates' campaign funds. Yet money alone is not translating into victories.
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A top Democratic senator on  Wednesday said lawmakers were concerned about a slide in the  value of the dollar and urged the Bush administration to step  up pressure on China to move to a more flexible exchange rate.
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Democratic candidates for president are outpacing Republicans in donations from the health care industry.