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Putting aside whatever involvement New Mexico Gov. Bill Richardson had in an alleged "pay-to-play" scheme in his home state, his future as U.S. commerce secretary is now a casualty of an ongoing federal investigation into a company that has funded the former presidential candidate's state-level political committees. While no other incoming federal lawmaker or Cabinet member is said to be under investigation, others have certainly seen their campaign efforts propped up by the embattled company. Capital Eye lists those recipients here. ... (Continue)
Why, when all but a few tight races have been determined, are candidates still asking for money? Campaign debt. Despite the astronomical sums of money citizens contributed this election cycle, many candidates ended their bids for office in the red. In fact, 665 out of 2,339 candidates in the 2008 election cycle ended their campaigns in a deficit, or 28 percent. The nonpartisan Center for Responsive Politics found that '08 candidates have a combined debt of $144 million. However, of that figure, $125 million is self-financed debt, or money that aspiring lawmakers owe to themselves.... (Continue)