Million-Dollar Donations Fuel Super-PACs' New Dominance
More than a year before the election, super-PACs are quickly approaching the fundraising levels of the entire 2012 presidential race.
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About 60 people have already donated at least $1 million to independent political committees supporting Democratic and Republican presidential hopefuls in what promises to be the most expensive election ever.
The number of major contributions, drawn from Wall Street to oil country to Silicon Valley, underscores the breadth of wealth that candidates can tap into for the 2016 election. So-called super-PACs and other outside groups raised more than $250 million during the first half of this year, according to filings Friday with the U.S. Federal Election Commission.