This is the perfect example of why Mitt Romney needs to release his bundlers: This weekend, "[t]he presumptive nominee and his senior advisers and aides are hosting two days of policy sessions and campaign strategy discussions at a Deer Valley resort for more than 100 top fundraisers and their spouses. Those who raised more than $100,000 are expected to attend." Also interesting: Crossroads' Karl Rove is speaking. More at ABC News and NYT.

Yesterday's FEC filings
Bloomberg: Obama spends more than he raises as aides see Romney edge
"President Barack Obama spent more on his re-election effort last month than he raised, ending May with $109.7 million cash on hand, according to U.S. Federal Election Commission reports filed today." HuffPost.

Politico: Romney winning the mega-donor war
Read this: "Mitt Romney surged past President Barack Obama in May fundraising on the shoulders of big donors — an advantage the Republican nominee seems likely to sustain through November."

Mother Jones: 3 companies, 1 PO Box, and a $1 million super PAC gift
Curious donations to Romney's super PAC: "But the largest chunk of donations came from what, at first glance, look like three separate companies: CRC Information Systems, Inc.; Fairbanks Properties, LLC; and Waterbury Properties, LLC....All three companies are controlled by one man." USA Today, NYT.

LA Times: May fundraising reports show influence of independent groups
"President Obama's reelection campaign plowed through more than $44.5 million in May as he tried to drown out a fusillade of attacks by outside groups with a massive television ad campaign, a reflection of how independent players are driving the action of this year's presidential race."

AP: Rove super PAC posts $4.6M in donations in May
"The new disclosures posted late Wednesday night by a Republican 'super' political committee formed by veteran strategist Karl Rove show the super PAC he formed to help GOP causes group reaped $4.6 million in May."

WaPo: Obama super PAC raised $4 million in May, $40 million overall
"Priorities USA Action, the leading Democratic-affiliated super PAC, collected $4 million in May, its best month of fundraising since its inception and a sign, its founders argue, of its growing momentum." NYT, LA Times.

HuffPost: Joe Ricketts adds to super PAC clout with $510,000 contribution
"The super PAC founded by the controversial billionaire and TD Ameritrade founder Joe Ricketts spent more than $500,000 in May, according to a report filed with the Federal Election Commission (FEC) on Wednesday."

Other stories:

• Politico: Conservative super PACs pour millions into primaries
• WaPo: Romney super PAC raised $5 million in May
• The Hill: Anti-incumbent Campaign for Primary Accountability spent more than $640,000 in May
• WaPo: Anti-incumbent super PAC's funds dry up
• Politico: RNC May fundraising haul: $34 million
• Politico: DNC raised nearly $20 million in May
• The Hill: Obama campaign holds $110 million in cash
• Politico: Giving slows to Stephen Colbert's super PAC
• Bloomberg: Romney reaps donations from backers of primary opponents
• AP: Some Republican donors shun Romney
• Roll Call: DSCC outraised NRSC in May
• HuffPost: Miriam Adelson gets back $5 million contribution from Gingrich super PAC

Campaign Finance/Fair Elections
Politico: Citizens United gives free speech a high price
Jessica Levinson: "While super PACs may be 'speaking' up a storm, it’s now difficult to hear anyone else. That can’t be good in a representative democracy, which has long prided itself on protecting free speech."

McClatchy: Rep. David Price seeks revamp of presidential election financing
"A North Carolina congressman unveiled legislation this week that would restructure financing of presidential elections by substantially increasing the public tax dollars that are used to match private contributions."

NaJo: Approps bill includes decade-long lobbying ban
"Former government officials would be banned from lobbying for a handful of foreign governments for 10 years after leaving their job under a measure approved by the House Appropriations Committee on Wednesday."

LA Times: Disclosure and Democracy
The LA Times takes on Mitch McConnell, transparency, and the DISCLOSE Act: "Scalia's right. McConnell needs to recognize that disclosure and democracy go together."

TPM: Montana case could give Supreme Court a second look at Citizens United
"The Supreme Court could give Citizens United a second look this month as it decides whether to take up a lawsuit against the state of Montana, which wants its century-old state law restricting corporate influence in elections to stay in place. "

Sunlight: House committee restores funding for political ad disclosure
Good: "A key member of Congress bowed to pressure Wednesday and withdrew a measure aimed at blocking online disclosure of political advertisements."

Congress/2012
WSJ: Romney gives donors added access
More evidence why Romney needs to release his bundlers: "Major donors to Mitt Romney's presidential campaign say that when they call, a response comes quickly. Emails are answered right away. Donors, many of them from the business world, are kept in the loop with weekly conference calls and special access to campaign strategists."

AP: Obama campaign says it expets to be outspent
"President Barack Obama's campaign said Wednesday it expects the president to become the first incumbent to be outspent by his opponent, outlining the potential for $1 billion in spending from Republican-leaning outside groups supporting Mitt Romney."

ABC News: Mitt Romney celebrates his single best day of fundraising to date
"Mitt Romney enjoyed what campaign officials described as his single best day of fundraising yet, taking in between $6 million and $8 million during a finance swing through Michigan on Wednesday."

NYT: Bosses rein in banker who golfs with Obama
This is interesting: "One of the biggest banks in the world wants the president’s favorite banker muzzled."

HuffPost: Vast majority of secret money in presidential race spreads information: report
"An examination of presidential-election advertising spending by the top four secret big-money political groups -- all of them right-wing -- found that 85 percent of their money over a recent six-month period went to ads that independent fact-checkers determined were in some way deceptive."

Springfield News-Leader: Super PAC launched in support of Sen, McCaskill's re-election
"An ally of Sen. Claire McCaskill has set up a super PAC to help counter the onslaught of outside spending aimed at the Missouri lawmaker, who has been tagged as one of the most vulnerable Senate Democrats up for re-election this cycle."

AP: Liberals urge Obama to go after Wall Street harder
" Message from liberals to President Barack Obama: Your economic message is muddled, go after Wall Street harder."

Roll Call: More compliance seen for politically active nonprofits
"Nonprofit groups that spend big money on campaign-style ads will face growing pressure to comply with tax and campaign finance laws in the wake of a federal court ruling last month, Rep. Chris Van Hollen (D-Md.) said in a speech at the National Press Club today."

NYDN: FBI has questioned at least four people who worked on Staten Island GOP Congressman
Uh oh: "The FBI has questioned at least four people who worked on Congressman Michael Grimm’s 2010 campaign as part of its on-going probe into allegations the Tea Party favorite took illegal election donations."

Chicago Sun-Times: House Ethics investigators questioned witnesses here in Rep. Jesse Jackson Jr. probe
"This past spring, investigators with the U.S. House Committee on Ethics visited Chicago to talk to witnesses as part of the ongoing investigation into U.S. Rep. Jesse Jackson Jr., sources told the Chicago Sun-Times."

Politico: JPMorgan PAC stopped giving after $2B loss went public
"JPMorgan Chase’s political action committee stopped donating to federal politicians last month after finding itself under intense scrutiny by Congress and federal agencies, new federal records show. "

The Hill: Ogilvy Government Relations shakes up leadership
"There has been a leadership shake-up at Ogilvy Government Relations after several Republican lobbyists decided to leave the firm."

Roll Call: Reverse mortgage lenders' new tack
"The trade group representing reverse mortgage lenders is launching a lobbying and public relations campaign today that it hopes will reverse perceptions on and off the Hill that it’s an industry that preys on seniors."

Sunlight: Music giants Universal and EMI lavish contributions on Senate anti-trust panel
"At least half of the members of the Senate Subcommittee on Antitrust, which Thursday will hold a hearing on Universal Music Group’s proposed merger with EMI music, have received contributions from the two music giants or from rival firm, Warner Music. "

Politico: Massachusetts PAC misspells state's name
"Note to political operatives: When forming a state-specific super PAC, make sure to spell the state’s name correctly."