Lawmakers Hold Stocks in Defense, Energy, and Tech Companies They Oversee
Here are 13 senators and representatives whose stock portfolios raise conflict-of-interest questions.
Here are 13 senators and representatives whose stock portfolios raise conflict-of-interest questions.
More than 50 members of Congress own stock in defense contractors whose profits are soaring from giant Pentagon budgets and supplemental weapons packages.
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.
Top defense contractors have quietly restarted their PAC donations after a pause, including to Republican election objectors.
As the F-35 fighter comes under Pentagon review for potential cuts, bipartisan groups of lawmakers are calling to continue high levels of spending on the troubled $1.7 trillion program.
The F-35 program could soon be scaled back—and possibly phased out—after gobbling up hundreds of billions of taxpayer dollars.