Supreme Court Overturns Campaign Spending Limits on Corporations, Unions

In a significant reversal of court precedent, the Supreme Court today invalidated decades-old federal legislation restricting corporate spending in political campaigns. In a 5-4 decision, the court called into question the constitutionality of all federal and state regulation of independent corporate political advocacy, including a federal law dating back to 1947 and the laws of dozens of states. President Obama today assailed the ruling and promised a "forceful response" to the court's...Full Story