Supreme Court

The United States Supreme Court striking down limits on aggregate campaign contributions Wednesday.

FOX News Radio's Jared Halpern reports from Washington:

A deeply divided Supreme Court, a 5-4 ruling, invalidates the aggregate limits for campaign contributions that any donor can give over a two year cycle.

Basically, the total that you could give to all different campaigns and candidates had a limit. The Supreme Court in a divided 5-4 ruling rules that those aggregate limits are invalidated. In other words, you can give as much as you want overall.

However base limit contributions, the amount that you can give to any one individual candidate, still remains in tact. That issue did not come up in front of the Supreme Court.

Nonetheless, a major setback for those calling for tighter reforms for campaign finance.

LISTEN to Speaker of the House Rep. John Boehner react to the Supreme Court ruling: