Economics

Ryan Ranks as Top House Fundraiser With Backing by Banks

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Paul Ryan, Mitt Romney’s choice for vice president, is one of the top political fundraisers in Congress, with backing from the employees of banks and insurance companies that would benefit from his actions on financial regulation and Medicare.

Ryan, who represents southeastern Wisconsin, has more than $5.4 million in his campaign account, about $2 million more than the next highest House member, according to Federal Election Commission data. The Romney campaign raised at least $2 million after he announced Ryan as his running mate, according to Andrea Saul, a spokeswoman.