Biden reeled in a record-breaking $145 million in 'dark money'


President Biden reeled in a record-breaking $145 million in so-called dark money from anonymous donors during his presidential campaign, topping the $113 million that went to Sen. Mitt Romney (R-Utah) before his failed presidential bid in 2012, Bloomberg reports.
It's not surprising that Biden set the mark given that the $1.5 billion he hauled in overall was the most ever for a challenger to an incumbent president, but it's notable in large part because Democrats have been at the forefront of a movement to ban dark money in politics since it means that supporters can back a candidate without scrutiny. Plus, Bloomberg notes, anonymous donors "will have the same access to decision makers as those whose names were disclosed, but without public awareness of who they are or what influence they might wield." As Meredith McGehee, the executive director of campaign finance reform advocacy group Issue One, told Bloomberg, "the whole point of dark money is to avoid public disclosure while getting private credit."
Still, it seems the Democratic Party was willing to embrace the strategy in the hopes of defeating former President Donald Trump, who only brought in $28.4 million from anonymous donors. Read more at Bloomberg.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.
-
5 bullseye cartoons about the reasons for mass shootings
Cartoons Artists take on gun worship, a price paid, and more
-
Lisa Cook and Trump's battle for control the US Fed
Talking Point The president's attempts to fire one of the Federal Reserve's seven governor is represents 'a stunning escalation' of his attacks on the US central bank
-
'Three Pads' Rayner: a housing hypocrite?
Talking Point As real estate moguls go, the Deputy PM is 'hardly Donald Trump'
-
RFK Jr. names new CDC head as staff revolt
Speed Read Kennedy installed his deputy, Jim O'Neill, as acting CDC director
-
DC prosecutors lose bid to indict sandwich thrower
Speed Read Prosecutors sought to charge Sean Dunn with assaulting a federal officer
-
White House fires new CDC head amid agency exodus
Speed Read CDC Director Susan Monarez was ousted after butting heads with HHS Secretary Robert F. Kennedy Jr. over vaccines
-
DOGE put Social Security data at risk, official says
Speed Read DOGE workers made the personal information of hundreds of millions of Americans vulnerable to identity theft
-
Court rejects Trump suit against Maryland US judges
Speed Read Judge Thomas Cullen, a Trump appointee, said the executive branch had no authority to sue the judges
-
Trump expands National Guard role in policing
Speed Read The president wants the Guard to take on a larger role in domestic law enforcement
-
Trump says he's firing Federal Reserve Governor Lisa Cook
Speed Read The move is likely part of Trump's push to get the central bank to cut interest rates
-
Abrego released from jail, faces Uganda deportation
Speed Read The wrongly deported Kilmar Abrego García is expected to be detained at an ICE check-in and deported to Uganda