Public Campaign Action Fund (PCAF) announced today that in response to news that Stephen Colbert has relinquished control of his super PAC, Americans for a Better Tomorrow, Tomorrow, to Jon Stewart, and has set up an exploratory committee to run for President of the United States of South Carolina, the watchdog group has sought legal assistance to explore creating an exploratory super PAC of its own to oppose Stephen Colbert’s exploratory committee.

We knew that a lot of money would be spent in the 2012 elections. And a story today from Talking Points Memo (TPM) shows just how much (that we know of) has been spent, and how it's only going to get worse as we move forward in the campaign.

Here's a recap of Public Campaign and Public Campaign Action Fund's (PCAF) work from December 12 through December 16, 2011.

Here's a recap of Public Campaign and Public Campaign Action Fund's (PCAF) work from December 5 through December 9, 2011.

"Is it you or your parents in this income tax bracket"