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NEWSLETTER!
This week our newsroom analyzed findings from the Sen. Menendez trial, looked at campaign security in light of recent events, and did a deep dive into the tech billionaires supporting Vice President candidate J. D. Vance. Additionally, we are proud to announce the release of our 2023 Annual Report.
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Hilary Braseth Executive Director |
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Menendez used donor cash for legal costs ahead of conviction |
Sen. Bob Menendez (D-N.J.), who was found guilty on all 16 counts in his federal corruption trial, steered millions of dollars in campaign donor funds to cover his legal costs, a new OpenSecrets analysis found. |
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Trump rally shooting thrusts campaign security into the spotlight |
Campaign security spending is in the spotlight amid escalating threats of political violence. |
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Tech billionaires signal support for Trump’s VP pick, JD Vance |
Former President Donald Trump’s decision this week to choose Sen. JD Vance (R-Ohio) as his running mate was lauded by prominent investors and donors in the tech industry. |
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Chart of the Week
Dive deeper into the data behind the headlines |
What to Know OpenSecrets understands the need for non partisan, free-to-use information that tracks and tells an easy-to-understand narrative of how money influences our politics. This week, we released our 2023 Annual Report, covering key insights on industry lobbying, campaign finance spending and original OpenSecrets research reports released in the last year.
By the Numbers In 2023, candidates raised $2.1 billion, political parties spent $1.07 billion and outside groups contributed $355 million supporting candidates for office. As the 2024 election cycle heats up, it's teeing up to be the most expensive election year in American history. Dig Deeper Click below to read the full OpenSecrets Annual Report where you will find more graphic explainers that provide an in-depth look at the state of money in politics and the impact these dollars have on our political system. |
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See our media citations from outlets around the nation this week: The billionaire who fueled JD Vance's rapid rise to the Trump VP spot — analysis (CBS News) Peter Thiel made $15 million in donations to Vance's SuperPAC, Protect Ohio Values, a staggering amount from a single individual for a Senate race, according to OpenSecrets, a nonpartisan group that tracks the influence of money on politics. But that wasn't all. Thiel also steered at least $200,000 to Vance's super PAC from a group he controlled called Per Aspera Policy, according to the Kansas City Star and OpenSecrets. Per Aspera is a dark money nonprofit, which means that its spending is used to influence elections, but it is not required to disclose its donors Wealthy industry donors fuel Trump’s conversion on cryptocurrency (The Washington Post) The industry has jumped at the chance to shape Trump’s thinking. In recent years, cryptocurrency executives have flooded Washington with contributions, according to OpenSecrets, a group that tracks campaign contributions. The industry is responsible for about $121 million in contributions so far this election cycle, according to the group. Democratic megadonor Ron Conway took his concerns about Biden directly to Pelosi (CNBC) Conway represents a crucial voice within the Democratic Party’s fundraising apparatus in California and the tech community of Silicon Valley. Conway was one of Biden’s bundlers during his 2020 campaign, raising at least $100,000 for his campaign against Trump, according to OpenSecrets. Conway is founder and a managing partner of the venture capital firm SV Angel. He and his wife have given more than $5 million to help elect Democrats so far this cycle.
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