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August 10, 2023
RELEASE: Biden Justice Department Self-Sabotages By Embracing Debt Ceiling
All last spring, as the looming threat of default swallowed up all the oxygen on the Hill, every other serious crisis demanding political attention played second fiddle to Republicans’ manufactured disaster. In May, President Biden said his “hope and intention” was to “find a rationale to take it to the courts to see whether or not the 14th Amendment is, in fact, something that would be able to stop it.” A lawsuit brought this May by 75,000 federal employees challenging the constitutionality of the debt limit offers just that opportunity.
So why is the Justice Department actively fighting to get the case dismissed, likely limiting the federal government’s capacity to govern effectively?
July 13, 2023
RELEASE: Via Baseless Attacks On Khan, House Republicans Continue to Serve their Monopolist Funders
“Today’s hearing further proved that Republican’s attacks on Lina Khan and her leadership are blatant attempts to weaken antitrust enforcement to the benefit of the corporations that fund the Republican Party. Members, including Jim Jordan, focused on baseless allegations in an attempt to delegitimize the work the FTC is doing to crack down on anti-competitive and harmful practices that monopolistic companies use to amass economic power and squeeze profits out of consumers and workers.”
July 11, 2023
Revolving Door Project Sends Chair Khan Letter on FTC Ethics
In advance of the House Judiciary Committee holding a hearing on Thursday, July 13, 2023, at 10:00 a.m. ET on “Oversight of the Federal Trade Commission,” Revolving Door Project has sent a letter to FTC Chair Lina Khan calling on her to take on the FTC’s considerable internal revolving door challenges.
July 07, 2023 | Democracy Journal
RELEASE: Understanding How Budget Reforms Were Exploited To Drain Federal Agencies Can Help Americans Develop a Strategy to Fight Back.
Revolving Door Project’s Fatou Ndiaye published a piece in Democracy Journal outlining the staggering gap between how the appropriations process for federal agencies is supposed to work versus how it currently works. Understanding the difference can help Americans refine strategies to get our voices heard in Congress and shine light on overlooked contributors to chronic underfunding across the federal government. Such an examination is especially relevant as Congress appears poised for a series of fiscal nightmares this fall.
June 15, 2023
RELEASE: GOP Corporate Shills Say The Quiet Part Loud At CFPB Hearing
Republicans inadvertently expose their own corruption while attacking an upstanding public servant.
June 08, 2023
PRESS RELEASE: Revolving Door Lawyers Aim To Dismantle Antitrust Enforcement Authorities
Cravath, Swaine & Moore’s Christine Varney, a former head of the US Department of Justice’s Antitrust Division, and other BigLaw lawyers representing Illumina and Grail filed a brief this week seeking to secure a merger which the FTC said would “diminish innovation in the U.S. market” for cancer detection tests. Revolving Door Project Research Director Andrea Beaty released the following statement concerning the brief and its authors.
May 26, 2023
RELEASE: Revolving Door Project Reacts to Biden’s Debt Ceiling Cave & the Media’s Incompetent Coverage
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.”
May 22, 2023
RELEASE: The Justice Department Should Not Defend The Legal Incoherence That Is The Debt Ceiling
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.
May 17, 2023
Release: New Letter Urges President to Make Leadership Change at Surface Transportation Board
A whole-of-government economic agenda requires leadership devoted to rebuilding an economy that works in the public interest. As we explain in the letter, we believe Chairman Oberman has eschewed this responsibility and should no longer be trusted to lead vital oversight of the American rail industry.
May 17, 2023
Coinbase Spins The Crypto Revolving Door
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.
May 15, 2023
Biden Will Show He Can Be Bullied If He Caves To Republican Debt Demands
“GOP leaders have sent a wildly exploitative ransom note to the public. The administration should not accept its terms.”
April 28, 2023
While Thorough, Fed Report Refuses To Name Names On SVB Failure
One glaring blind spot does jump out: the complete absence of the names ‘Quarles,’ ‘Barr,’ ‘Powell,’ or any other actual member of the Federal Reserve Board of Governors from the main text of the report.”
April 26, 2023
Memo To Reporters: What The Fed's Self-Investigation Must Explore To Be Credible
The Fed report is being written by Vice Chair for Supervision Michael Barr, whose own failures ought to be among the report’s focuses.
April 21, 2023
Rescinding Trump’s Shields For Non-Bank Financial Firms Is A Crucial First Step
Rolling back Trump’s framework just means that FSOC is allowing itself to see the financial system through a realistic lens.
April 06, 2023
House Should Impeach, Durbin Must Investigate Justice Thomas For Ethics Violations
No one can reasonably retain a shred of benefit of the doubt in the face of this evidence.