Meet the Congress Members Trading Defense Stocks While Shaping Military Policy

The New York Times reported this week that 97 members of Congress “bought or sold stocks, bonds, or other financial assets that intersected with their congressional work or reported similar transactions by their spouse or a dependent child” between 2019 and 2021. With more than 3,700 such trades in those three years alone, the investigation reveals potential conflicts of interest in nearly every area of policymaking. Defense policy is no different. At least 25 members sat on committees that shape national security policy while simultaneously trading financial assets in companies that could create competing interests with their work, such as…

Democrats Introduce Bill to Slash $100 Billion From Pentagon Budget

While the defense budget continues its decades-long upward spiral, Democrats in the House are waging a push to do something unprecedented: take billions from the defense budget and redirect the money to social spending. On Monday, Representatives Barbara Lee (D-California) and Mark Pocan (D-Wisconsin) introduced a bill that would cut $100 billion from the defense budget — which, for this year, was a towering $782 billion. This would likely be the largest year-over-year budget cut that the Pentagon has ever seen. The bill would direct the Department of Defense budget for fiscal year 2023 to be calculated by subtracting $100…

Lockheed Martin Gave Over $250k to Politicians as They Discussed Ukraine Bills

As lawmakers in Congress debated billions of dollars’ worth of aid to Ukraine, including military aid, major defense contractor Lockheed Martin was spending hundreds of thousands of dollars on campaign donations, new disclosures show. As reported by Insider, Lockheed Martin’s PAC spent $256,000 in April on donations to members of Congress, a gubernatorial campaign and PACs of both major parties. The company made 147 donations in total to the campaigns of federal lawmakers, including donations to five members of the Senate Armed Services Committee and 27 members of the House Armed Services Committee, both of which oversee military and defense…

Biden Is Reportedly Requesting Over $770 Billion for Defense for 2023

President Joe Biden is expected to request Congress to allocate over $770,000,000,000 for defense for fiscal year 2023, according to anonymous sources, as first reported by Reuters. This would be at least $17 billion higher than the defense budget requested by the Biden administration for 2022, which was already colossal. Biden’s request is also much higher than the $740 billion that Trump requested for 2021 and the $639 billion that Trump requested for 2018 during his first year in office. Officials are still negotiating the final amount, the sources said, meaning that the budget could end up changing in the…

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