Search Results for

In response to the emergence of the structure of a potential deal between President Biden and Speaker McCarthy, Revolving Door Project Executive Director Jeff Hauser issued the following statement: 

“There are three aspects to the substance and coverage of this debate that have been infuriating.”

On Friday, May 19, the National Association of Government Employees filed an emergency motion in their lawsuit against President Joe Biden and Treasury Secretary Janet Yellen. NAGE urged the Massachusetts District Court to issue a preliminary injunction holding that the debt ceiling violates the separation of powers and Presentment Clause set forth in Articles I and II of the U.S. Constitution. 

Manchin’s dirty deal is back on the table, again, according to coverage of the play-by-play of Biden and congressional leaders’ not-not-negotiations over raising the debt ceiling. Whether or not Manchin’s proposal gets packaged with a debt ceiling deal, it seems the question is when, not if, it gets taken up. That’s due in large part to Biden and Schumer’s unjustifiable fealty to Manchin, the administration’s chief saboteur, whose latest pledge is to block all of Biden’s EPA nominees.

Coinbase’s establishment of a new advisory council comprising former members of Congress is the latest example of the crypto industry’s embrace of Washington’s revolving door.

Earlier this month, ProPublica released a report documenting decades of undisclosed lavish gifts Justice Clarence Thomas and his family received from Republican mega-donor Harlan Crow. These gifts included a yacht trip around Indonesia, flights on Crow’s private jet, free stays at Crow’s private country club, and more. One week later, the news outlet published a follow-up report detailing how Thomas also sold property to Crow without disclosing it. Thomas’s mother has continued to reside at that property rent-free while Crow funds significant renovations.

Rolling back Trump’s framework just means that FSOC is allowing itself to see the financial system through a realistic lens.

As the revelations of Supreme Court Justice Clarence Thomas’s flagrant corruption continue to unspool, scrutiny of the weak ethics rules binding the Court has intensified. The Senate Judiciary Committee is supposed to oversee the Court, but it has proven itself not remotely up to the task of rooting out judicial corruption. And amid this disturbing situation, a Supreme Court conference this Friday provides an opening for Court conservatives to try to game their few ethical limits in plain sight.

There is no reasonable ambiguity about this. If the ProPublica reporting is accurate, Thomas has knowingly and brazenly violated federal ethics law for decades.

Despite years of our best advice, and indeed the better judgments of Sen. Elizabeth Warren and other progressives in Congress, government watchdogs like Americans for Financial Reform (AFR) and others, nearly one year ago President Joe Biden disappointed his responsibility to the public and to his own economic agenda by renominating Donald Trump’s hand picked head of the Fed: Jerome Powell. Biden bafflingly stuck by Powell despite his years of betraying labor unions, environmental groups and frontline communities, and the middle class. As a result, broad coalitions of folks concerned about the climate crisis, about the long term safety and stability of our financial system, about attacks on labor and the working class, about housing insecurity and the long term impacts of the pandemic, mobilized against Powell’s renomination because his storied track record of, well, making each of these things (and more!) worse.

No one can reasonably retain a shred of benefit of the doubt in the face of this evidence.

American workers have just started getting the barest minimum of a few lucky breaks. But that is terrifying to Rattner and his fellow moguls, so they need some sort of rational argument for why these bare scraps of power are actually bad for everyone.