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House Democrats’ Super Pac Raises $32.8 Million in Second Half

House Democrats’ Super Pac Raises $32.8 Million in Second Half(Bloomberg) -- The super PAC that backs House Democrats raised $32.8 million in the second half of 2019 and ended the year with $37.7 million cash on hand, according to its filing with the Federal Election Commission.The biggest contribution to the House Majority PAC was from Michael Bloomberg, who gave $10 million in December. Bloomberg, who’s also spending hundreds of millions of dollars on his presidential campaign, is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.Longtime Democratic donor Fred Eychaner gave the super PAC $4 million, and hedge-fund operator S. Donald Sussman gave $2 million. Billionaire Haim Saban and real estate developer George Marcus each gave $1 million, while Joshua Bekenstein of Bain Capital gave $900,000.This post is part of Campaign Update, our live coverage from the 2020 campaign trail.To contact the reporter on this story: Bill Allison in Washington DC at ballison14@bloomberg.netTo contact the editors responsible for this story: Wendy Benjaminson at wbenjaminson@bloomberg.net, Max BerleyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.




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