Las Vegas casino mogul Sheldon Adelson is planning to give another $10 million to a super PAC supporting former House speaker Newt Gingrich , according to reports from CNN and CBS News.
Jon Huntsman is dropping out of the presidential race.
So what happens to the super PAC supporting his campaign?
Well, pretty much anything. Including Huntsman himself taking it over.
As The Post’s T.W. Farnam reported when Rep. Michele Bachmann (R-Minn.) dropped out of the presidential race a couple weeks back, there is little in the law that describes what can happen to a super PAC when the candidate it’s supporting drops out, in large part because super PACs are a brand-new creation of the Supreme Court’s decision in Citizens United v. Federal Election Commission.
A pro-Bachmann super PAC is now helping Romney, Perry doesn’t know about Lawrence v. Texas, Michael Reagan is backing Gingrich and Kelly Clarkson loves Ron Paul.
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Former House Speaker Newt Gingrich is sliding downward from the polling heights to which he had soared to just 10 days ago. And a look inside the reasons for his slippage suggest he may struggle to reclaim momentum in advance of the Jan. 3 Iowa caucuses.
We break out the major reasons for Gingrich’s erosion below — as well as how he might be able to turn it around.
Things in the country are bad. No, terrible. And only former Utah governor Jon Huntsman can fix them.
That’s the message in the first ad from Our Destiny PAC — a so-called super PAC supporting Huntsman — that will begin running in New Hampshire on Tuesday.
“Are we the next Greece,” asks one man in the ad. “The world is literally collapsing and no one has shown up we can trust as a conservative,” says another as — hint, hint — foreboding music plays in the background.