Richardson holding fundraiser to try to erase debt
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Commerce Secretary-designate Bill Richardson is holding a fundraiser in Washington on Thursday to try to pay off the debt from his unsuccessful presidential campaign.The fundraiser was first reported on today by The Politico, which had previously reported that Richardson was running out of time to pay off $150,000 in outstanding campaign debt because federal ethics laws would hamper his ability to raise money for himself once he officially becomes a member of Barack Obama’s cabinet. Obama announced the appointment of New Mexico’s governor last week, but Richardson must still be confirmed by the U.S. Senate, which won’t happen until late January or February. Richardson, according to today’s article in The Politico, will hold the fundraiser at the Georgetown home of William A.K. Titleman and his wife Maria. At the “waterfront reception,” the article states, donors will be asked to give up to $2,300 each. Both Titlemans, the article states, served in the administration of former Pennsylvania Gov. Tom Ridge. Continue Reading