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Billionaire Soros pledges US$1.5 mil. to Super PACs

WASHINGTON -- Billionaire financier George Soros has committed US$1.5 million to Super PACs backing President Barack Obama and Democrats running for Congress in the Nov. 6 election, officials with those groups said on Thursday.

Soros — a prominent donor to liberal political causes — has pledged US$1 million to Priorities USA Action, which is running ads to help the Democratic president's re-election bid, and US$500,000 to Majority PAC and House Majority PAC, which help Democratic congressional candidates, the officials said.

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