Parties begin quest for convention cash
The Hill
Democrats and Republicans are firing up their fundraising machines for next summers presidential conventions.
After Congress eliminated public funding for the nominating extravaganzas, both parties are under pressure to come up with the upwards of $60 million that will be needed to showcase their 2016 nominees.
The GOP is off to a faster start than Democrats, according to federal reports reviewed by The Hill, hauling in about $3 million from donors for their event so far this year.
Billionaire hedge fund managers Paul Singer and T. Boone Pickens, the National Rifle Association Political Victory Fund and Charles R. Schwab, the CEO of the financial company with the same name, have all made donations to the fund for the Republican convention, which will be held in Cleveland next July.
I had a chat with one of the convention fundraisers a few weeks ago. They're planning a greater emphasis on corporate donations this time around. Hoping I can get in at the same prices as Charlotte.
(nb - this is an area where I don't support public financing, since they're largely party rallies and candidate advertising events).