Get Political Wire by Email:



December 15, 2011


Billionaire Commits $20 Million to Gingrich

Casino magnate Sheldon Adelson "is planning to direct $20 million to an outside group backing Newt Gingrich's presidential campaign," Politico reports -- "the first answer to urgent pleas from allies to the former speaker's long-time billionaire supporters."

"After leaving Congress, Gingrich cultivated a network of a few dozen uber-wealthy backers who poured tens of millions of dollars into a network of groups that helped him maintain a foothold in politics. Now, operatives supporting his presidential campaign are asking those same donors to write fat checks to a suite of new super PACs they hope can spend big on ads to offset Gingrich campaign fundraising that had lagged behind his rivals."

Greg Sargent explains how this is legal.












POLITICAL WIRE PODCAST

Political Wire Podcast Engaging conversations about elections and the political issues of the day. Subscribe via iTunes or RSS to get episodes automatically downloaded.


FREE NEWSLETTER




TRENDING VIDEO



PARTNERS











FOLLOW US