Friday, September 28, 2012

Billionaire Cash Helps Obama Campaign




Billionaire financier George Soros has committed $1.5 million to "Super PACs" backing President Barack Obama and Democrats running for Congress in the November 6 election, officials with those groups told CNBC Thursday.

Soros — a prominent donor to liberal political causes — has pledged $1 million to Priorities USA Action, which is running ads to help the Democratic president's re-election bid, and $500,000 to Majority PAC and House Majority PAC, which help Democratic congressional candidates, the officials said.

The move by Soros, who had remained largely on the sidelines of this year's Super PAC fundraising barrage, could trigger more big checks from wealthy Democrats who previously avoided giving to the groups, citing dismay over the growing role of money in politics…

More?  Check out http://www.cnbc.com/id/49206603

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