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February 19, 2021
This week in money-in-politics
 
Unions spent big to boost Biden. Will he return the favor?
 

President Joe Biden launched his third bid for the White House from a Teamsters’ hall in Pittsburgh, two years ago this April.

“I make no apologies. I am a union man. Period,” he said.

Over the next 19 months, Biden also became the union candidate. Labor organizations contributed $27.5 million to his campaign and other groups that supported him. His opponent, former President Donald Trump, took in less than $360,000 from those with labor ties.

Now, almost a month into his presidency, Biden is poised to make good on his campaign promises to workers and unions. On Tuesday, he hosted 10 union leaders at the White House to discuss his hallmark America Rescue Plan and infrastructure projects.


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UPCOMING CRP CO-SPONSORED EVENT

Arms Sales to Conflict Zones 
Business as Usual: How major weapons exporters arm the world’s conflicts
Hosted by the Forum on the Arms Trade and sponsored by the World Peace Foundation, Center for Responsive Politics, and Program on Civil-Military Relations in Arab States at the Malcolm H. Kerr Carnegie Middle East Center.
Wednesday, March 3, 2021
11:00 AM-12:30 PM EST / 4:00-5:30 PM GMT

For more information and to sign up register here.

This event is part of a joint CRP-WPF research program, “Defense industries, Foreign Policy, and Armed Conflict,” support for which was provided in part by a grant from Carnegie Corporation of New York.

With $5.7 million left over, Perdue tees up for 2022


Former Sen. David Perdue (R-Ga.) filed paperwork with the FEC to create a new campaign committee, signaling his intent to try his electoral luck again after losing to Sen. Jon Ossoff (D-Ga.) in January. According to a Tuesday statement, Perdue is weighing a 2022 run against Sen. Raphael Warnock (D-Ga.) when his current term ends in 2022. Ossoff will not be up for reelection again until 2026. Perdue’s statement did not formally announce his candidacy, but clarified that he will “continue to keep all options open.” Georgia’s two January Senate runoffs flipped the Senate from red to blue, delivering Democrats the slimmest of majorities in the upper chamber.
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Senate retirements leave seats open in three swing states
 

Republican senators in three swing states recently announced their retirements, opening the floodgates for a slew of candidates vying for the highly-coveted spots in 2022. In the past election cycle, Democrats raised unprecedented amounts of money but still largely lost Senate seats to Republicans in states that had the most expensive races, with Democratic wins in the Georgia runoffs marking a turning point. In 2022, with Democrats controlling the presidency and thin majorities in the House and Senate, the stakes will be high as Senate hopefuls throw their hats in the ring and start fundraising for likely volatile contests.
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Hospital lobby tied to Cuomo wields influence in Washington


As New York Gov. Andrew Cuomo faces intense criticism for concealing data about nursing home deaths and reportedly threatening a lawmaker who pushed to investigate the matter, a powerful hospital lobby with close ties to the governor and other New York politicians is coming under scrutiny. The Greater New York Hospital Association, a hospital trade group that donated nearly $1.3 million to a Democratic party committee account that boosted Cuomo amid his challenging 2018 primary race, has secured numerous policy wins under the third-term governor.
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House committee members heard from their donors during GameStop hearing
 

Billionaire executives at the center of the GameStop stock trading controversy testified before the House Financial Services Committee Thursday, where they sat across from lawmakers whose campaigns benefitted from their big-dollar donations.

Lawmakers called for the hearing after a January clash between online investors and Wall Street forces rocked markets. Users of Reddit’s “r/WallStreetBets” orchestrated a short squeeze against hedge funds shorting GameStop, driving the video game retailer’s stock price to record levels. However, the price of GameStop and other stocks targeted by Redditors plummeted when online brokers, namely Robinhood, blocked users from buying shares. The move prompted widespread outrage and caused small-time investors to lose big.


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OpenSecrets in the News

See our media citations from outlets around the nation this week:  

CNN
Roll Call
Snopes
Ms. Magazine
Politico
PolitiFact
Carolina Public Press
The Times of San Diego
La Crosse Tribune
The Arizona Republic
The Baltimore Sun
Oil City News
Bloomberg

 

See more here

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