Ryan’s secret Adelson fundraiser
Ryan raises cash with Sheldon Adelson; Linda McMahon wins in Connecticut; and other top Wednesday stories
Topics: Brief, Paul Ryan, Sheldon Adelson, Campaign Finance, Guns, Politics News
Ryan and Adelson: Rep. Paul Ryan held an event in Las Vegas last night with GOP-backing casino mogul Sheldon Adelson, but the press was barred from covering it “in apparent violation of the Romney-Ryan campaign’s oft-strained agreement with the reporters who cover the campaign.” The Romney campaign justified barring reporters from the event by calling it a “finance event” and not a fundraiser, but failed to explain the difference.
Adelson’s Chinese business practices have been under increasing scrutiny lately. Noting that other candidates have returned money from less suspicious donors, the New Republic’s Marc Tracy wrote yesterday that Adelson has given so much money to GOP causes that “the Republican establishment has put itself in a position where almost nothing could make it return the money.”
The event was met by hundreds of protesters.
Ryan makes it rain: Ryan “has become one of the top fundraisers in Congress in recent years, drawing on a growing national profile to amass more than $8 million for this year’s election through his campaign and political committee,” the Washington Post reports. His $5 million war chest gives him more more cash on hand than any other House member. Much of his money comes from the financial services industry, and especially accounting firms, which are interested in legislation coming out of both committees he sits on. Robust fundraising can equate to power on Capitol Hill, as flush lawmakers can spread the wealth around to fellow members of Congress to curry favor.
Continue Reading CloseAlex Seitz-Wald is Salon's political reporter. Email him at aseitz-wald@salon.com, and follow him on Twitter @aseitzwald. More Alex Seitz-Wald.



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