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July 1st, 2011
01:32 PM ET

Colbert laughing all the way to the PAC

Washington (CNN) – It was no joke Thursday at the Federal Election Commission hearing as Comedian Stephen Colbert gained approval to start his "superPAC" by a 5-1 "media exemption vote."

But in the crowd outside the FEC's headquarters following the vote it was clear the host of "The Colbert Report" on Comedy Central had a straight-faced delivery and this matter of election fundraising regulation had some laughing – and throwing money.

FULL STORY