By Alina Selyukh
WASHINGTON, July 12 (Reuters) – Majority PAC, a “Super PAC” helping Democrats fight for seats in the U.S. Senate, said Thursday it raised $5.4 million in the first three months of the year, triple its first-quarter haul.
The “super” political action committee had $4.6 million left in cash on hand by the end of June, the figures showed.
In the first three months of the year, Majority PAC raised $1.6 million, with $1 million of that coming from billionaire hedge fund manager James Simons. The group had $2.5 million in cash on hand at the end of March.
Since March, earlier disclosures released because of the group’s involvement in Virginia’s June 12 primary showed that Majority PAC also received $350,000 from Chicago media magnate Fred Eychaner and $100,000 from film studio Dreamworks CEO Jeffrey Katzenberg, both big donors to Democratic President Barack Obama’s re-election effort.
Another $100,000 came from Cindy Harrell-Horn, wife of Walt Disney Studios’ new chairman Alan Horn. Harrell-Horn also gave the same sum to House Majority PAC, a Super PAC helping elect Democrats to the House of Representatives, according to a May federal disclosure filing.
Majority PAC and House Majority PAC are part of an alliance of outside Democratic spending groups raising unlimited money to support the party’s candidates in the multimillion-dollar battle for control of Washington against deep-pocketed Republican outside groups.
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