Colbert gets some answers on campaign finance

Stephen Colbert shakes hands and accepts one dollar contributions after filing with Federal Election Commission in Washington. / AP photo

ANDREW MIGA, Associated Press

WASHINGTON (AP) " The Federal Election Commission says comedian Stephen Colbert can use his TV show's resources to boost his political action committee. But he must publicly disclose some major expenses as in-kind contributions from the show's corporate owners.

Read more FEC rules on Colbert PAC Colbert gets FEC approval Colbert forms super PAC

Colbert said Thursday that he could not have been happier with the ruling. Colbert played it straight during his appearance before the commission, saving his trademark quips for a crowd that gathered outside the commission building after the meeting.

Colbert is forming a so-called super PAC that can raise unlimited amounts of money for elections.

Copyright 2011 The Associated Press.