Sheldon Adelson, the largest foreign investor in China, has invested tens of millions of dollars in influencing the 2012 election and has vowed to spend $100 million to put his thumb on the scale for Mitt Romney in November.
What is to stop a foreign country from funneling money through US businesses or political donors into Super PACs to buy US elections?
With a couple of simple fixes from Congress, billions of dollars could be put into the economy by allowing middle class families to refinance their mortgages and by keeping student loans at market rates.
In an indication the GOP establishment may be starting to coalesce behind him, major contributors to a key Republican political organization founded by political strategist Karl Rove have boosted their financial support for front-runner Mitt Romney.
A super political action committee supporting Rick Santorum in the Republican presidential race says it’s time for Newt Gingrich to drop out.
The financial backing of super PACs is becoming increasingly more influential, with television campaigns worth millions of dollars airing to smear one candidate over another.