Congress
Top House Dem Buys Stock in Pharma Companies and Defense Contractors
The Build Back Better Act is in limbo in the U.S. House, with Democratic leaders delaying a vote on the bill on Friday, casting doubt over the fate of provisions added back into the plan that would curb prescription drug costs. In a dramatic late-night decision, Speaker Pelosi allowed a vote on the bipartisan infrastructure […]
Senators Own up to $25 Million in Big Tech Stocks
Senators invested in tech stocks like Amazon, Apple, and Google may soon be voting on antitrust bills that would impact their portfolios.
Top Democrats Own Stock in AT&T, Funder of Far-Right OAN Network
A recent investigation revealed that 90% of the far-right OAN's funding comes from AT&T-owned platforms.
Deficit Fears Have Deep History in Corporate-Funded Democratic Party Groups
As corporate-backed Democrats threaten to block the party's reconciliation bill, their talking points draw on support from deficit scold allies among party leaders and well-funded ideological groups.
House to Vote on the Largest Defense Budget in History
House progressives have again introduced amendments to significantly reduce the massive Pentagon budget of at least $768 billion.
Democrats’ Budget Plan Would Cost Only Half of One Percent of GDP
The Biden admin's $3.5 trillion spending plan over ten years would have a net cost of $1-1.75 trillion, budget groups say, far less than the Trump tax cuts of 2017.
News Outlet Founded by Blue Dog Dem Operatives Promotes Big Pharma’s Lobbying Aims
Leaders of a centrist advocacy group with funding from the pharmaceutical industry founded outlet The Well News and have editorial input on its promoted posts.
Defense Contractors Are Top Donors to House Election Objectors, Report Finds
The top Fortune 500 donors this year to House GOP election objectors are weapons companies whose revenue comes overwhelmingly from defense contracts.
General Electric Gets Billions in Defense Contracts While Reps Hold Its Stock
Texas Republican Michael McCaul owned up to $6 million in G.E. shares as he sits on the Foreign Affairs and Homeland Security Committees.
It’s Not Just Manchin: The Top Energy Dem in the House Also Has Fossil Fuel Conflicts
Rep. Frank Pallone (D-N.J.), chair of the House Energy and Commerce Committee, benefits from investments in the fossil fuel industry while crafting climate policies.
The Roadblocks to Banning Congress From Trading Stocks
It’s no shock that most members of Congress, over half of whom are millionaires, don’t want to stop themselves and their spouses from being allowed to trade corporate stocks and derivatives while they hold public office. Just 8 percent of the House and 3 percent of the Senate are co-sponsoring bills to ban congressional stock […]
Blue Dogs Seek to Delay Democratic Budget Plan After Their PAC Takes Millions From Corporate America
The House Blue Dog PAC has received donations from pharmaceutical giants, health care companies, and the fossil fuel industry this year as nearly half of their members seek to delay a vote on the Democrats’ budget plan.
Congress Won’t Stop Trading Stocks
Researchers studying congressional stock ownership have found that the practice has effects on lobbying activity and potentially on market movements.