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.
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.
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.
In a Washington Post op-ed, Rep. Elaine Luria (D-Va.) said Congress should preemptively authorize military action to defend Taiwan against China.
The top Fortune 500 donors this year to House GOP election objectors are weapons companies whose revenue comes overwhelmingly from defense contracts.
Here are the members of Congress who own stock in defense contractors like Lockheed Martin and Raytheon.
Top defense contractors have quietly restarted their PAC donations after a pause, including to Republican election objectors.
The White House budget proposal, with its infrastructure and families plans, would only spend about a quarter of GDP, less than other wealthy countries spend.
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 Nashville Democrat, chair of the House subcommittee overseeing nuclear weapons programs, received max contributions last cycle from the PACs of several top defense contractors.