Campaign Donations | featured news

The Supreme Court has agreed to delve once again into the controversial issue of limits on money in politics. This time, it's the limits placed by federal law on how much an individual can contribute to candidates and political organizations.

Wall Street is paying big time to influence this election. The financial industry is on track to break its 2008 campaign spending record of $170 million, according to data from the Center for Responsive Politics cited by CNNMoney. So far, Wall Street has spent $164 million donating to candidates and political groups, and CRP estimates the final tally of Wall Street cash will reach $2.5 billion.

President Obama's campaign is claiming another first: Donations by text message. The campaign said today that Obama supporters with smartphones can contribute up to $50 by texting "GIVE" to the number 62262.

MSNBC has suspended prime-time host Keith Olbermann indefinitely without pay for contributing to the campaigns of three Democratic candidates this election season.

Two court decisions Friday are likely to help set the ground rules for 2010 election fundraising: The Republican Party lost its bid to raise unlimited contributions, while a conservative group won approval to raise big donations for ads ...