Congress

Senators Own up to $25 Million in Big Tech Stocks

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Senators invested in tech stocks like Amazon, Apple, and Google may soon be voting on antitrust bills that would impact their portfolios.

From Sludge
On October 26, 2021
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Top Democrats Own Stock in AT&T, Funder of Far-Right OAN Network

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A recent investigation revealed that 90% of the far-right OAN's funding comes from AT&T-owned platforms.

From Sludge
On October 12, 2021
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Deficit Fears Have Deep History in Corporate-Funded Democratic Party Groups

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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.

From Sludge
On September 28, 2021
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House to Vote on the Largest Defense Budget in History

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House progressives have again introduced amendments to significantly reduce the massive Pentagon budget of at least $768 billion.

From Sludge
On September 23, 2021
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Democrats’ Budget Plan Would Cost Only Half of One Percent of GDP

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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.

From Sludge
On September 9, 2021
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News Outlet Founded by Blue Dog Dem Operatives Promotes Big Pharma’s Lobbying Aims

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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.

From Sludge
On September 7, 2021
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Defense Contractors Are Top Donors to House Election Objectors, Report Finds

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The top Fortune 500 donors this year to House GOP election objectors are weapons companies whose revenue comes overwhelmingly from defense contracts.

From Sludge
On August 31, 2021
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General Electric Gets Billions in Defense Contracts While Reps Hold Its Stock

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Texas Republican Michael McCaul owned up to $6 million in G.E. shares as he sits on the Foreign Affairs and Homeland Security Committees.

From Sludge
On August 25, 2021
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It’s Not Just Manchin: The Top Energy Dem in the House Also Has Fossil Fuel Conflicts

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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.

From Sludge
On August 17, 2021
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The Roadblocks to Banning Congress From Trading Stocks

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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 […]

From Sludge
On August 12, 2021
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Blue Dogs Seek to Delay Democratic Budget Plan After Their PAC Takes Millions From Corporate America

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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.

From Sludge
On August 10, 2021
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Congress Won’t Stop Trading Stocks

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Researchers studying congressional stock ownership have found that the practice has effects on lobbying activity and potentially on market movements.

From Sludge
On July 27, 2021
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Corporate Giants Mum on Chamber’s Lobbying Against Voting Rights Bill

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As the U.S. Chamber of Commerce spends big on lobbying against the For the People Act, some member companies earned low grades on a new voting rights scorecard.

From Sludge
On July 20, 2021
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