Another Money Pot To Fill

You might think Barack Obama has already won the money race, after he raised $153 million just last month. But as Matthew Mosk and Sarah Cohen spotlight in today's Washington Post (following Lynn Sweet's report on the group last week), the DNC has thoughtfully set up another channel for big donors to make more big donations. And as Mosk and Cohen point out, big donations can create big connections to an incoming administration.

The new vehicle is the Committee for Change. It joins the Obama Victory Fund and the Democratic White House Victory Fund as pots where big donors can keep on giving. The idea is that you can legally give $2,300 to the Obama campaign, plus tens of thousands more to each of the three funds. Those dollars don't go directly to Obama For America; rather, the Democratic National Committee deploys the money to support the campaign committee.

-- Peter Overby

9:07 AM ET | 10-22-2008 | permalink

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