In a press release this morning, Public Campaign Action Fund praised the agreement reached by Massachusetts U.S. Senate candidates Elizabeth Warren and Scott Brown, and urged that the agreement become a model for other races around the country.

Here's a round-up of Public Campaign and Public Campaign Action Fund's work for the week of May 23-27, 2011.

The special election to replace former Rep. Chris Lee (R-N.Y) in upstate New York has seen a frenzy of outside spending and self-funding, with Republican money far outpacing Democratic according to news reports and Public Campaign Action Fund analysis of data provided by the FEC.

Key Points:

On Friday, Democrats launched a new outside spending group, Priorities USA, in hopes of competing with conservative outfits that spent big influencing the 2010 election. Public Campaign Action Fund released a statement on the announcement.

The Huffington Post has a story on the 2012 campaign fundraising arms race that is well under way, and how the Democratic Party is pursuing someone who can play the role of Karl Rove. Not as a political operative, mind you, but as someone who can raise huge amounts of unregulated money to be spent by outside groups in hopes of matching the right wing machine that flexed its muscles in 2010.