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Wall Street Campaign Donations Set To Hit Record During 2012 Election

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.

 

Obama campaign takes donations by text

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.

 

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