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Soros, Other Donors Pledge Millions for Democratic Super PACs

HeadlineSep 28, 2012

Wealthy donors pledged Thursday to give at least $10 million to Democratic super PACs in the lead-up to the 2012 election. Billionaire George Soros is promising to give $1 million to the pro-Obama super PAC Priorities USA Action. The former hedge fund manager also plans to donate half-a-million dollars to a pair of super PACs supporting Democratic candidates for Congress. Even with the latest round of pledges, contributions by Soros this cycle still pale in comparison to some donors on the Republican side. Casino magnate Sheldon Adelson has pledged to spend up to $100 million to defeat President Obama and the Democrats this year.

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