WaPo: “President Obama’s campaign has agreed to pay a $375,000 fine to the Federal Election Commission, among the largest penalties in the agency’s history. The fine was imposed after an audit of the campaign’s books showed that it failed to report the identities of donors who gave large checks in the weeks before the 2008 election, according to a copy of the agreement between the FEC and the president’s campaign….The Republican National Committee had charged in the midst of Obama’s 2008 race against Republican Sen. John McCain (Ariz.) that the Democrat’s campaign was improperly accepting foreign money and taking donations over the legal limits. In a partial vindication for the Obama campaign, the FEC did not fine Obama for taking any foreign money, according to the document.”

POLITICO: “The fine — laid out in detail in FEC documents that have yet to be made public — arose from an audit of the campaign, which was published in April. POLITICO obtained a copy of the conciliation agreement detailing the fine, which was sent to Sean Cairncross, the chief lawyer for the Republican National Committee, one of the groups that filed complaints about the campaign’s FEC reporting from 2008.”