Money in Politics

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Trump’s Argentina Bailout Enriches One Well-Connected US Billionaire

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This story was originally published by Popular Information, a substack publication to which you can subscribe here. Last week, Treasury Secretary Scott Bessent announced a $20 billion package to rescue the Argentinian economy. The risky taxpayer-financed deal, which involves trading US dollars for Argentine pesos, has little upside for ordinary Americans. Argentina is not a significant US trading partner, and its […]

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Trump’s Energy Chief, a Former Fracking CEO, Aims to Tinker With Key Climate Reports

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This story was originally published by the Guardian and is reproduced here as part of the Climate Desk collaboration. US Energy Secretary Chris Wright is facing growing criticism from scientists who say their “worst fears” were realized when Wright revealed that the Trump administration would “update” the US’s premier climate crisis reports. Wright, a former oil and gas executive, told CNN’s Kaitlin Collins […]

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As Palantir Cashes In on Trump 2.0, Peter Thiel Is Bankrolling Republicans Again

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In 2023, Peter Thiel, the billionaire tech titan and investor, issued a proclamation: He would not make political donations in 2024 to any candidate, including Donald Trump, whom he had backed in 2016. Now, after sitting out the 2024 election cycle, Thiel is back in the game. He has quietly donated more than $850,000 this […]

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The Big Bad Republican Bill Wasn’t Regressive Enough for the Anti-Tax Crusaders

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It is apparently not enough for America’s anti-tax crusaders that Congress just passed one of the most expensive and regressive tax bills in our history. The Washington Post reports that Grover Norquist’s Americans for Tax Reform and other conservative groups are now urging the Trump administration to change how investment profits are taxed—unilaterally, if need […]

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Trump’s FCC Scraps Ban on Prison Phone Price Gouging, a Gift to Some of His Top Donors

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This story was originally published by Popular Information, a substack publication to which you can subscribe here. The Federal Communications Commission will no longer enforce a rule capping the price of prison phone calls, according to an announcement made Monday by FCC Chairman Brendan Carr. The move suspends a 2024 FCC decision that capped the price of in-state phone calls at 6 cents […]

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The Bipartisan Billionaires Behind Andrew Cuomo’s Comeback

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For a couple weeks, I’ve been getting negative campaign mailers for a New York City council district I don’t live in. I’m not really sure why. Maybe there was a data-entry error. Maybe someone’s used an outdated map. Maybe someone hates me.  They’re the sort of mailers you tend to get if you live in […]

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10 Ways to Enrich the Trumps and the MAGA Movement

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Eight years ago, if you wanted to line the first family’s pockets, your choices—while ethically unprecedented—were limited. There was only so much you could spend on hotel rooms or Mar-a-Lago fundraisers. Fortunately for foreign governments, megacorporations, and anyone else with an agenda, the Trumps have diversified.  “It’s a whole different scale than it was in […]

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Trump’s Rookie Moves Have Created Loads of Uncertainty—Even for Big Oil

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This story was originally published by WIRED and is reproduced here as part of the Climate Desk collaboration Last week, the US Department of the Interior announced that it would speed up the approval process for certain fossil fuel projects, proclaiming that environmental analyses that previously would have taken years must now be taken down to, at maximum, a month. While the […]

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