March 17, 2023 | RDP Newsletter
Economic PolicyExecutive BranchFinancial RegulationIndependent Agencies
Hack Watch: Two Percent Is Just A Number
There’s nothing special about the Fed’s target inflation rate
March 09, 2023
Revolving Door Project Warns Of Crypto-Friendly Congressmen Ahead Of Subcommittee on Digital Assets, Financial Technology, and Inclusion Hearing
The Bipartisan Group That Once Defended Crypto Firms From SEC Investigations May Have Gone Silent In Recent Months, But Their Crypto Loyalties Remain.
February 27, 2023
Vishal Shankar Max Moran Jeff Hauser
Supreme Court Must Overturn Fifth Circuit's Radically Pro-Corporate Attack On The CFPB
The Fifth Circuit is trying to destroy the only cop on the beat protecting consumers. SCOTUS must overturn their radical assault on the CFPB.
February 08, 2023
Bankers’ Complaints About Junk Fee Crackdown Offer Biden an Opening
The President should remind Wall Street that hard-working Americans hate getting ripped off.
January 23, 2023
Independent Agency Spotlight Update January 2023
It was a slow fall for independent agency nominations as Senators left chambers for their campaigns and the Biden administration stood paralyzed in anticipation of the midterm Red Wave That Wasn’t.
January 18, 2023
Good News, Everyone! Space Force Has An Astronomical Budget
Congress passed a $1.7 trillion omnibus bill, ensuring that our government is funded for Fiscal Year 2023. You probably haven’t seen the amount given to the most stellar agency: Space Force. Thankfully, Congress listened to the space advocates and appropriated the Space Force the money we’ve all been begging for – $26.29 billion. Americans can now sleep soundly knowing the Space Force has an overflowing pocketbook to protect us from aliens and whatnot.
January 11, 2023
Revolving Door Project Condemns TVA Decision To Expand Fossil Fuels, Urges EPA and White House To Be More Aggressive
In response to news that Tennessee Valley Authority (TVA) CEO Jeff Lyash issued a final decision to construct a new fossil gas plant and pipeline to replace an aging coal plant, Revolving Door Project Climate Research Director Dorothy Slater released the following statement:
January 11, 2023 | Revolving Door Project Newsletter
2022 ElectionClimateExecutive BranchGovernanceGovernment CapacityIndependent Agencies
Government Spending and its Discontents
We spent October highlighting the perpetual underfunding of most federal departments and agencies, and urging Congress and the Biden administration to use December’s omnibus bill to finally provide them with the money and resources they need. Sadly, while appropriations did increase for FY2023, budgets consistently fell short of what agencies requested. The most jarring example may be the Department of Housing and Development (HUD), whose budget is a whopping $16 billion shy of the requested $77.8 billion. Biden recently announced his goal to cut homelessness by 25 percent in the next two years, but it’s hard to see how even this meager goal will be achieved without a fully funded HUD.
December 22, 2022
RELEASE: TVA Board Might Have Easily Blocked Fossil Energy Expansion, Had Senate Confirmed Them Sooner. The EPA Still Can.
In response to reports that the U.S. Senate confirmed six nominees to the Board of the Tennessee Valley Authority by voice vote Wednesday, Revolving Door Project Climate Research Director Dorothy Slater released the following statement:
December 20, 2022
To Win 2024, Democrats Must Heed Voters' Calls For Housing Justice
Low income communities of color made countless sacrifices to keep the United States’s economy going during the pandemic, all while supporting their families and enduring sky-high rents.
November 23, 2022 | The New Republic
Timi Iwayemi Dylan Gyauch-Lewis
Congressional OversightcryptocurrencyFinancial RegulationIndependent Agencies
Don’t Fall for FTX’s Final Con
The FTX disaster should be all the impetus needed to kill off any new crypto industry–approved legislation. Instead, we need Congress to provide material support for financial regulators in the form of increased appropriations to guard against the next collapse. Much of the crypto industry is already subject to laws—the very ones that the SEC seeks to enforce and that the crypto industry broadly (not just Sam Bankman-Fried) seeks to evade by reducing the SEC’s jurisdiction ex post facto. Both the CFTC and SEC urgently need funds to fulfill their mandates. Crypto stretches these needs even further, but the need has existed for years. For decades, financial crimes have too often gone unpunished. This wasn’t for a lack of rules, but a lack of will, funds, and people willing to enforce them. Crypto doesn’t need special treatment, it needs to face the music.
November 04, 2022
BankingCongressional OversightConsumer ProtectionExecutive BranchFinancial RegulationIndependent Agencies
Corporate Scammers Aren't Independent Voices
White collar crooks are behind the campaign to kill the CFPB, but don’t expect the mainstream media to tell you that.
October 31, 2022 | The American Prospect
How Governing Can Motivate Politics
An alternate vision for how Democrats could bring the fight to the midterms by taking action in Congress and the White House
October 28, 2022
Ethics in GovernmentGovernment CapacityIndependent AgenciesRight-Wing Media
Hack Watch: Debunking the Big Budget Bogeyman
It seems pretty incontestable that a big part of the media’s job is “informing the public of things they need to know.” Accordingly, the media’s coverage of how the government spends money is a spectacular example of how it fails. Congress has enabled a vacuum of sensible, accessible information about the appropriations bills it’s supposed to pass each year to fund government activity, and the media has not stepped in to fill the void.