New right-wing group to have $17 million budget.

Claiming the Republican party has “been betrayed by corruption and betrayal of conservative principles,” a “group of former aides to Ronald Reagan” are “reviving the organization that brought Reagan to power.” The group, Citizens For The Republic, includes former Reagan attorney general Richard Allen; former House Speaker Newt Gingrich, and conservative activists Brent Bozell and Gary Bauer. It “has already secured $17 million in solid financial commitments.” Steve Benen and Matthew Yglesias have more.