2012 Presidential Election, Super Pac | featured news

Billionaire financier George Soros has given $1 million to the primary super PAC helping President Obama. The funding is a boost to Priorities USA Action in the final weeks of the campaign.

A month and a half before Election Day, President Obama is winning, former President Bill Clinton said Sunday, citing a raft of recent polls that show Obama widening a lead in several key swing states.

Americans don't like all the cash that's going to super political action committees and other outside groups that are pouring millions of dollars into races for president and Congress.

Dark-horse presidential candidates Gary Johnson and Virgil Goode may not be household names, but with a little help from super PACs, they could peel away precious support from Republican Mitt Romney and possibly even President Barack Obama in some key state races.

A little more than a year ago, Frank VanderSloot contributed $1million to a "super PAC" supporting Mitt Romney. Now, the Idaho-based health products executive is a sought-after donor at the Republican National Convention as he makes the rounds of independent groups backing the GOP ticket.

Mitt Romney is assailing President Obama's character in a new ad that hits back at a controversial spot by a Democratic super PAC. "What does it say about a president's character when his campaign tries to use the tragedy of a woman's death for political gain?" the narrator asks in the Romney ad released today. "Doesn't America deserve better than a president who will say or do anything to stay in power?

David Koch, a billionaire bankrolling anti-Obama ads, is a Mitt Romney delegate to the Republican National Convention... Koch and his brother, Charles, are the major forces behind the conservative group Americans for Prosperity, which is currently funding a $27 million ad blitz against Obama.

The main super PAC helping President Obama is out with an emotional ad today slamming Mitt Romney's business record, featuring an ex-steelworker talking about his wife's death after the couple lost their health insurance.

Candidates may raise the unprecedented sums of political cash being funneled through Super PACs this year, and media strategists may decide how to spend them – but the people who actually wind up pocketing much of the money are America's television broadcasters. Since the Supreme Court voided limits on political donations in Citizens United, more money than ever is being devoted to negative TV ads. Industry analysts predict that upwards of $3 billion will be spent on political advertising this year – a surge of more than $500 million over 2008.

Restore Our Future, the super PAC backing Mitt Romney, released a new radio ad Friday knocking President Barack Obama for his handling of the economy and calling into question the Obama campaign's repeated attacks on Romney and Bain Capital. The new spot, titled "Imagine," is part of a $1 million radio ad campaign and will air from July 27 to Aug. 2 across swing states Colorado, Florida, Iowa, Nevada, New Hampshire, North Carolina, Ohio, Pennsylvania and Virginia.