The uncharted waters of Super PACs just became a bit murkier.
President Barack Obama’s Priorities USA Action, along with the Democratic Senate’s Super PAC, Majority PAC, and the Democratic House Majority PAC are combining to form the country’s first-ever joint fundraising Super PAC — Unity 2012. [See the latest political cartoons.]
An FEC official told Whispers that there aren’t any regulations prohibiting this kind of fundraising, but confirmed this is unprecedented; it’s the first time any Super PAC has tried to form a committee of this magnitude.
FEC reports show that for the 2012 elections, the three Democratic committees have raised $10 million in total, but that’s chump change compared to Romney’s Super PAC, Restore Our Future, which has raised nearly $37 million so far.Continue reading on www.usnews.com