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Sunday, August 10, 2008

CASH OF CAMPAIGNS CAN GO ELSEWHERE

By RICHARD L. BERKE, SPECIAL TO THE NEW YORK TIMES
Published: January 22, 1989

LEAD: Nearly 200 House members have stockpiled $39.2 million in campaign funds that they could use as retirement cushions because of a provision of the Federal election law, a new study reports.

Nearly 200 House members have stockpiled $39.2 million in campaign funds that they could use as retirement cushions because of a provision of the Federal election law, a new study reports.

The study, released this week by Public Citizen's Congress Watch, a research and lobby group here, found that lawmakers are increasingly raising money that they do not spend on their campaigns but are saving for their personal use or to deter potential challengers. [READ FULL ARTICLE]

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