Campaign Funds | featured news

Federal investigators are probing allegations that Rep. Michele Bachmann, or members of her staff, inappropriately used money raised during her presidential campaign, her lawyer and former campaign staffers said today.

Former U.S. Rep. Jesse Jackson Jr. has been charged with spending $750,000 in campaign funds on personal expenses. His wife was charged with filing false income tax forms....

...Jackson is discussing a plea deal with the Justice Department, which is investigating his alleged use of campaign funds to decorate his house and buy a $40,000 Rolex for a female friend. Jackson won reelection last week with more than 60 percent of the vote. A plea deal could require jail time and his resignation, according to reports.

CBS News reported the Illinois Democrat is working on a deal stemming from allegations he misused campaign funds.

You can do a lot with a billion dollars - but still not change much. This Election Day, it's likely to produce another Republican-led House that's little different from the existing version.

Republican Mitt Romney and allied party committees entered the election homestretch with a $45 million cash advantage over President Obama and the Democratic Party, new campaign reports show.

The 2012 presidential campaign passed the $2 billion mark in fundraising Thursday, fueled by an outpouring of cash from both ordinary citizens and the wealthiest Americans hoping to influence the selection of the country's next leader.

'Super PACs' and others are cementing their status as permanent fixtures in the political firmament, with resources that rival those of the official parties.

President Obama's campaign picked up $82.4 million in donations in September. Celebrity donors included director Joss Whedon and songwriting legend Burt Bacharach.

Republican presidential candidate Mitt Romney's campaign says it raised $170.4 million in September. The figure brings Romney's fundraising effort slightly behind President Barack Obama's $181 million haul for the month. It leaves Romney, the Republican Party and related groups with $191 million in the bank to spend during the final full month of the campaign.