Donald Trump's avowals of financial-political independence have, at once, reignited and confounded the debate on campaign finance reform.» Read More
Millionaires candidates who used their own money to run were roundly rejected by voters last night, and the majority were targeted during the campaign for their wealth.
An election that was supposed to be about change actually could end up being an intensified dose of more of the same for investors.
In an election that often focused on debates about class warfare, President Barack Obama was favored over multimillionaire businessman Mitt Romney in eight of the nation’s 10 wealthiest counties.
While not a record for self-financed campaigns, the $90 million former pro wrestling executive Linda McMahon spent on her two failed Senate bids could have bought her plenty of luxury.
Republican senator Lindsey Graham’s remark that there weren’t enough “angry white guys” to bring Republicans to power seemed prophetic in the light of President Barack Obama’s victory.
For the third Presidency in a row, a President has been re-elected to serve a second term (Bill Clinton, George W. Bush, and Barack Obama).
President Barack Obama was re-elected president Tuesday night, put over the top by the crucial battleground state of Ohio following the most expensive election in U.S. history.
Asian stocks quickly reversed their downtrend on Wednesday after news of U.S. President Barack Obama’s re-election removed a major source of uncertainty for regional markets. However, strategists told CNBC they were wary on how long the relief among investors would last.
As the hotly contested U.S. presidential election drew to a close in favor of Barack Obama, Democrats appeared poised to keep control of the Senate while Republicans maintained their hold on the House of Representatives.
In California alone, a handful of wealthy donors have spent more than $350 million in state ballot initiatives, reports CNBC's Robert Frank.
Nevada has the highest unemployment rate in the nation, and its six electoral votes are up for grabs this election. Most of the state's registered voters are Democrats, but Republicans have been spending heavily.
A Republican economist who previously predicted President Barack Obama would prevail over Republican challenger Mitt Romney has changed his prediction, arguing to CNBC on Tuesday that current polls may overstate Obama’s support.
While Ohio has taken much of the focus of this election cycle, Virginia is still crucial. Even if Republican Governor Mitt Romney wins Ohio, he will still need Virginia's thirteen electoral votes to put him over the top.
Regardless of the outcome of the tightly contested presidential election, real estate mogul Donald Trump told CNBC’s “Squawk Box” on Tuesday that both sides will finally sit down and deal with the country’s fiscal problems.
Nearly every politician complains about gridlock in Washington. But, why isn’t Mitt Romney focusing on it as a campaign issue ?
Early voting has been under way for weeks across the country, but with Election Day almost here, the presidential candidates and their supporters are offering one last burst of activity. The New York Times reports.
President Barack Obama and Mitt Romney spent a combined $30.33 every second this election cycle, as a binge of campaign spending deluged voters with rallies, banners, and of course, TV ads.
Whoever wins the presidential election might feel more like the loser when he realizes what lies ahead for the US economy.
With so much attention on the income divide between the top 1 percent and the other 99 percent of Americans, it might seem that having enormous business wealth wouldn’t be a great qualification for election as president. And if such a candidate pledged to keep taxes low for the wealthy, he would appear to have no chance at all in a troubled economy, The New York Times reports.
President Obama leads Mitt Romney narrowly in three critical swing states, according to the latest NBC News/Wall Street Journal polls.