Obama Tells Wall Street Donors He Backs Super PACS Out of Need
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President Barack Obama told a gathering of Wall Street donors that Democrats can’t unilaterally stop accepting money from big-dollar political-action committees, according to two people at the event.
Obama told about 80 donors at a fundraising dinner in New York yesterday that he didn’t want to run for re-election at a disadvantage to Republicans, according to the people, who described the president’s comments on condition of anonymity because the event was private.