Here Are the Members of Congress Invested in War
More than 50 members of Congress own stock in defense contractors whose profits are soaring from giant Pentagon budgets and supplemental weapons packages.
Sludge on defense
More than 50 members of Congress own stock in defense contractors whose profits are soaring from giant Pentagon budgets and supplemental weapons packages.
The bill would ban members of Congress from trading in weapons companies like Lockheed Martin and Raytheon, as well as in Amazon, Pfizer and thousands more Department of Defense contractors.
Murray and Schumer, the sponsors of the proposal, have both received hundreds of thousands of dollars in campaign funding from AIPAC and other pro-Israel donors.
A Sludge analysis estimates that more than half of the fiscal year 2024 Pentagon budget will go to private contractors, with the five largest companies raking in one-sixth of all military spending.
The MQ-9 Reaper could help Ukraine launch attacks deep into Russian territory.
In repeated votes, Gallego has sided against amendments from his Progressive Caucus colleagues that would have reduced the Department of Defense budget by 10%.
Republican Rep. Kay Granger, the number one recipient of defense sector donations in the House and a "vocal supporter" of the over-budget F-35 fighter program, will chair the House Committee on Appropriations.
Some well-known gun makers hold rich contracts with the federal government as they lobby against firearms regulations.
The pro-Israel lobbying powerhouse has a new PAC.
The Texas Democrat has taken hundreds of thousands from defense companies with histories of ripping off taxpayers.