Chain Bridge Bank’s single location is next to a wine store and a café on the ground floor of a luxury condo building in suburban McLean, Va., about a half-hour outside downtown Washington. It looks like any small-town bank. Tellers keep bowls of candy at their windows, and staff members talk to customers about no-fee checking accounts. But right now, Chain Bridge, which has about 40 employees, is responsible for more of the hundreds of millions of dollars flooding into the 2016 presidential race than any other bank in the country. According to the most recent Federal Election Commission filings, Chain Bridge is the sole bank serving Jeb Bush’s presidential campaign, which reported raising $11.4 million as of June 30, and his allied super-PAC, Right to Rise, which says it’s raised $103 million so far. Donald Trump’s campaign banks at Chain Bridge, and it’s listed as the primary financial institution for the campaigns of Kentucky Senator Rand Paul and former Texas Governor Rick Perry. It’s also the only bank used by super-PACs supporting neurosurgeon and author Ben Carson, South Carolina Senator Lindsey Graham, former technology executive Carly Fiorina, Louisiana Governor Bobby Jindal, and Wisconsin Governor Scott Walker, all Republicans.
A top U.S. official stunned some Washington lawmakers Wednesday with testimony that Haiti needs as much as $50 million to carry out successful elections this year. The declaration during a Senate Foreign Relations subcommittee on Western Hemisphere hearing comes just three weeks before Haiti is scheduled to hold the first of three critical elections. “There is a fairly good chance (the election) will happen,” Thomas Adams, the State Department’s special coordinator for Haiti, said about the scheduled Aug. 9 elections to restore Haiti’s parliament. “But there are still a few issues left. One is a lack of funding.”
This weekend in Miami Jeb Bush will huddle with a group of his top donors at a brand new “nature-centric,” $700-a-night South Beach hotel, replete with four pools, a Tom Colicchio restaurant and an 11,000-plant “living green wall.” The point, though, isn’t tranquility and relaxation – it’s survival. For a time, it looked like Bush would steamroll the GOP field with a cash-flush juggernaut that might raise as much as $100 million in the first quarter, using a variety of super PACs to push the boundaries of campaign finance laws and dominate the field. But that was before New York hedge fund magnate Robert Mercer pledged more than $15 million to Ted Cruz, and Marco Rubio gained the full-fleged support of Miami billionaire Norman Braman and became the front-runner to win casino mogul Sheldon Adelson’s backing. Another rival, Scott Walker, recently became the favorite of billionaire David Koch, who seemed to tip his support for the Wisconsin governor at a fundraiser this week.
National: Presidential candidates-to-be make the most of fundraising rule-bending | Los Angeles Times
The charade comes to an end this month for many of the 2016 presidential contenders, who have long avoided saying they are running — while they are so obviously running — in order to sidestep rules that burden declared candidates. Ted Cruz is already in. Rand Paul is expected to follow suit Tuesday. Marco Rubio has a big announcement planned a week later. The timing, like most things in politics, is driven by money. April marks the start of a sprint to raise as much of it as possible for an official candidacy before the summer reporting deadline, which lands as televised primary debates are about to get underway. Candidates who fail to show that the early big money is flowing into campaign accounts could quickly falter. One big exception is Jeb Bush. Although he is perhaps the least coy of the pre-candidates about his plans to run — and among the most aggressive fundraisers — his announcement may not come for a while.
U.S. Sen. Marco Rubio persuaded state lawmakers to make a last-minute change eliminating Florida’s early presidential primary – a race in which the Republican could be on the ballot. Rubio’s main concern was shared by lawmakers and operatives from both parties: Ensuring that Florida’s 2016 primary vote counts. The measure, barely discussed, was tucked in an election-reform bill that passed the Legislature by wide margins Friday. Right now, the Sunshine State’s early primary violates Democratic and Republican national party rules, which penalizes the state by severely devaluing the vote of its delegation to nominate each party’s presidential candidate.
Mariam “Mimi” Bell, a Latina Republican from Colorado, resents the implication that Hispanic voters are somehow negatively affected by the state’s new voter identification law. “It’s insulting when they say we’re going to disenfranchise the Hispanics,” Bell said of the law that requires voters to present an ID such as a driver’s license, passport, utility bill or birth certificate to vote. The suggestion, Bell said, is “because we’re Hispanics we’re inept to get an ID.” The debate over the wave of voter identification laws cropping up in more than 30 states is playing out against the backdrop of the 2012 general election’s high-profile fight for Latino voters. The two presidential candidates hold widely divergent views on the matter.
The Federal Election Commission has fined Sen. Marco Rubio $8,000 for accepting more than $210,000 in improper contributions during his 2010 run for the Senate. In a negotiated settlement finalized last month but only publicly released now, Marco Rubio for Senate acknowledged taking in more than $210,000 in “prohibited, excessive and other impermissible contributions” during his Senate campaign and failing to refund or “redesignate” the funds within the allowed time frame.