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May 10, 2023 | Revolving Door Project Newsletter

Hannah Story Brown

Newsletter Executive BranchGovernanceGovernment Capacity

The GOP Budget Plan Would Ruin Millions of Lives

There are a lot of things you could say about the GOP’s proposed plan to reduce the deficit. But if we want to be more expansive than just calling it “batshit crazy” and washing our hands of the whole clown show, as we think Biden can and should, then we could point out that the GOP plan is an expression of profound hostility to the idea of a federal government that serves anyone besides war profiteers.

May 10, 2023

Julian Scoffield

Blog Post CryptocurrencyFinancial Regulation

What The SVB Collapse Says About Crypto’s “Most Stable” Stablecoin

The March 2023 collapse of Silicon Valley Bank (SVB) — aside from foregrounding the hypocrisy of neoliberal pundits and libertarian venture capitalists alike — spotlighted the instability of the cryptocurrency industry’s most ostensibly stable offering. Hidden within the uncertainty of SVB’s fate following a $42 billion withdrawal frenzy was a similar crisis of confidence for Circle Internet Financial and its stablecoin, USD Coin (USDC).

May 09, 2023 | Common Dreams

KJ Boyle

Op-Ed Anti-MonopolyDepartment of JusticeFTCMedia Accountability

Not Every “Former Antitrust Official” Is a Neutral Expert

The Federal Trade Commission (FTC) and DOJ Antitrust Division have long served as an essential stop for antitrust experts looking to maximize opportunities, influence, and compensation at BigLaw firms and monopolistic corporations. By spending some time learning the ins and outs of government investigations and enforcement efforts, revolvers are seen by potential corporate employers to be better equipped to assist corporations in antitrust lawsuits against their former government employers.

May 03, 2023 | Revolving Door Project Newsletter

Hannah Story Brown

Newsletter

Department of JusticeExecutive BranchGovernment Capacity

On the Debt, Biden Has No Choice But To Make One

On Monday, Treasury Secretary Janet Yellen shortened the estimate of when the U.S. could default on its debt to as soon as June 1. We’re less than a month out from the so-called X-date: the day that the federal government runs out of cash. President Biden has invited House and Senate leadership to the White House to talk debt this coming Tuesday, with highly uncertain results. 

April 26, 2023 | Revolving Door Project Newsletter

Hannah Story Brown

Newsletter

Congressional OversightEthics in Government

Tyranny, Thy Name is SCOTUS

We can be forgiven for thinking that Clarence Thomas set a high-water mark for judicial corruption that would be hard for his colleagues to surpass. Just yesterday, a new investigation from The Intercept and the Project on Government Oversight deepened what we know of Thomas and billionaire donor Harlan Crow’s financial ties, highlighting how Crow purchased a second citizenship in the tax haven island nation of St. Kitts and Nevis, which makes tracking Crow’s financial transactions—including his gifts to Thomas—extremely difficult. The investigators point out that this will complicate Senate Finance Committee Chair Ron Wyden’s request that Crow provide evidence that he “complied with all relevant federal tax and ethics laws.” Nothing worrisome about a top U.S. justice being financially entangled with a billionaire who changed his citizenship to evade U.S. law!