Lobbying
Republicans Block Measure to Ban Foreign Meddling in U.S. Elections 3
Previously, foreign corporations could legally spend on American elections only through their political action committees. Now, however, U.S. subsidiaries of multinational corporations can spend directly on advertising for and against candidates and issues, although foreign individuals are barred from being involved in the spending decisions.
Important Daily News You Need to Know, Today's Issue: Obama and BP 2
The British- based oil giant has sprinkled $3.5 million to federal candidates over the last 20 years, but the largest chunk of all landed on then-Senator Barack Obama. The White House has certainly taken up hard-line language against BP in response to public criticism, but it isn’t doing much in practical terms.
Big Business Lobbying for Loopholes
Presidential economic advisor Larry Summers said that the those looking to defeat or neuter the bill have four lobbyists for each member of congress.
China Asking U.S. Groups to Favor China over U.S.
The Chinese government has called on U.S.-based multinational corporations to lobby the White House and get it to adopt a more agreeable policy toward Chinese protectionism.
