The New York Times reports on the failure of Congress to address the disclosure issue on contributions to political campaigns.
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The bill was drafted in response to a Supreme Court decision in January allowing unlimited campaign spending by corporations and interest groups.
President Obama and Democratic leaders have been seeking to use the Republicans’ opposition to the bill to portray them as beholden to corporate interests. Republicans, in turn, say the Democrats drafted the legislation in an effort to gain an advantage in this year’s midterm elections.
But the bottom line was that the court’s decision now stands, helping define the November election and, perhaps, campaigns in years ahead. Democrats pledged to try again in September, but the bill’s chances seemed dim.