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The Latest Breaking News from OpenSecrets

Show us the money: How big money dominates the 2024 US election

Each election cycle, billions of dollars flow into US political campaigns. But where does all this cash come from?

Al Jazeera

How CEOs like Musk are taking a stance in the 2024 election

While Elon Musk vocally stands with Trump, other CEOs are more low-key with their politics. Here’s what we know.

The Street

America’s 10 richest men can’t agree who should be the next president

Some have thrown money and support behind the candidates, while others have stayed quiet.

Fortune

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Trump gets record donations from big oil but far less than $1bn he wanted

Republican ex-president has received $14.1m oil and gas industry making it his fourth-biggest source of cash

The Guardian - US

Elon Musk Has Poured $75 Million Into His Pro-Trump Super PAC

In July, Musk poured in $14.95 million to the super PAC. In August, he added $30 million and another $30 million in September.

International Business Times

Musk pours $75m into pro-Trump group, underscoring influence on US election

SpaceX’s CEO endorsed Trump and is now leveraging his pocketbook to help the former president return to the White House.

Al Jazeera

Trump’s courting of big donors poses major corruption dangers, experts warn

Ex-president has pledged regulatory changes and other policies to boost big donors’ businesses, watchdogs say

The Guardian - US

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5 high-profile hedge fund founders & their political affiliations

The founders of some of the biggest hedge funds in the U.S. aren’t afraid to make their politics known. Here’s how five high-profile hedge fund execs spend their political dollars.

The Street

Trump’s $1bn pitch to oil bosses ‘the definition of corruption’, top Democrat says

Senator Sheldon Whitehouse calls audacious request ‘definition of corruption’ amid investigation into Mar-a-Lago meeting in April

The Guardian - US

A progressive congresswoman made history in 2022. Can a billionaire stop her re-election?

Summer Lee, Pennsylvania’s first Black congresswoman, has expanded her base. Her primary is a test case in a year progressive candidates face a challenge from pro-Israel funds

The Guardian - US

As the NRA fades, a more zealous US pro-gun group rises as a lobbying power

Gun Owners of America, formed in belief NRA was ‘too liberal’, spent $3.3m lobbying against gun control and boasts 2m members

The Guardian - US

Peter Thiel explains his decision not to fund any presidential candidates in 2024

“They will convince people or they will not convince people. And an extra $1 million or $10 million does not make any difference,” the billionaire investor tells Fortune.

Fortune

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week

The Independent UK

$1M Donation to Glenn Youngkin Linked to Associates of Austin Area Billionaire Investor

Democratic politicians and reformers say the donation from associates of Joe Liemandt shows a major loophole in campaign finance law.

Texas Observer

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Chicago Sun-Times

Biden’s failed pick of Gigi Sohn for FCC post shows influence of dark money on U.S. politics

Groups targeting the nominee included one co-founded by ex-Sen. Heidi Heitkamp, D-N.D., who’s now director of the University of Chicago Institute of Politics.

The Independent UK

Tanked Biden pick highlights escalation of dark-money forces

When President Joe Biden nominated Gigi Sohn to serve on the Federal Communications Commission, she expected to face criticism over her desire to expand free internet access and improve competition among broadband providers

Tribune News Service

Harlan Crow, who gave lavish trips to Clarence Thomas, has donated $13M to GOP

WASHINGTON — Harlan Crow, the Dallas investor whose lavish secret trips with Justice Clarence Thomas have sparked an intense debate about Supreme Court ethics, is a GOP megadonor with many friends in high places.

AFP

Inside TikTok's operation to win over Washington

Washington (AFP) - With a giant billboard at Washington's main train station, an army of influencers on Capitol Hill and ad campaigns in the political press, TikTok is pulling out all the stops as it fights for survival in the US capital.

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Tribune News Service

As 2023 started, 18 House and Senate campaigns were in debt

WASHINGTON — As lawmakers wrangle over the nation’s debt, 18 members of the House and Senate started this year with campaign committees that each reported at least $100,000 in unpaid bills.

Roll Call

As 2023 started, 18 House and Senate campaigns were in debt

FEC disclosures show 18 members of Congress started the year with combined debts totaling nearly $6 million from last year's election.

The Guardian - US

They’re lobbying for Ukraine pro bono – and making millions from arms firms

Some of Washington’s most powerful lobbyists are providing their services to Ukraine for free, but they also have financial incentives for aiding the country

The Street

Bankman-Fried Flooded Politicians with Millions of Dollars From FTX Clients, Prosecutors Say

Bankrupt cryptocurrency exchange founder allegedly used a straw donor scheme to gain influence in Washington D.C, new court documents show.

The Street

FTX Collapse: Sam Bankman-Fried's Legal Troubles Mount

The disgraced crypto king faces four new criminal charges from prosecutors.

Roll Call

Ideological, regional diversity hallmarks of tax panel's frosh - Roll Call

The new Republicans on the House Ways and Means Committee don't always jibe with their party's mainstream.

Roll Call

New Ways and Means GOP members bring energy, agricultural focus - Roll Call

Newcomers on the GOP-led House Ways and Means Committee plan to focus on rural communities and a fossil fuel inclusive energy platform.

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