Skip to content
Search

Latest Stories

Top Stories

Four takeaways from Biden’s experiment with fundraiser transparency

Four takeaways from Biden’s experiment with fundraiser transparency
Spencer Platt / Getty Staff

Reacting to criticism about the wave of big-money donors who have fueled his campaign, Joe Biden is allowing reporters into his fundraisers.

The former vice president's effort at transparency is designed to mollify Democratic voters worried about the pernicious effects that millionaires' cash can have on campaigns. And it creates some contrast with most of his presidential rivals, who are doing most of their fundraising from behind a curtain – by focusing on fundraising online and in smaller amounts not subject to disclosure.

The see-through nature of Biden's money machine is not comprehensive: Cameras are not allowed to film inside the mansions where the big donors mingle, some of the schmoozing is kept off limits, and it's "pool coverage" only, meaning a single reporter gets inside to take notes of the speeches and the atmospherics and that reporting is then shared for the rest of the press corps to use.


Still, those pool reports do peel back the curtain a bit on what goes on inside exclusive gatherings where donors pay thousands of dollars to get up close and personal with a top-tier national candidate. Four things that have become clear from the first handful of Biden events where the doors have been cracked ajar:

Sign up for The Fulcrum newsletter

  1. The price may be steep, but at least the food is good. At the Los Angeles home of media executive Joe Waz and Cynthia Telles, who serves on boards affiliated with Kaiser Permanente, attendees were treated to ahi tuna ceviche and avocado, langoustine tail, and caviar.
  2. Just because the events are behind closed doors does not mean the public can't be heard. At the Telles-Waz event, about a dozen protesters from the union representing Kaiser's mental health clinicians could be heard chanting: "Kaiser, Kaiser, you can't hide: We can see your greedy side."
  3. The events don't lack for irony. In a swanky private room at the NoMad casino in Las Vegas, the hosts were MGM chief executive Jim Murren and his wife, Heather, an investor and former Wall Street analyst. Before introducing Biden, she lamented that "capitalism has been morphed into a system that concentrates wealth." At a breakfast gathering at an exclusive downtown Los Angeles social club, Biden lamented the Trump tax cut, widely seen as favoring the wealthy. "This God-awful tax cut – even though it may have benefited some of you – the God awful tax cut has not helped anybody who's real, anybody out there breaking their neck trying to figure out how to make the next meal."
  4. Joe is still Joe, no matter where he is. For the most part, Biden gave these high-dollar donors a version of the same stump speech he is giving to the huddled masses. And of course, he had to throw in references to the wisdom imparted by his grandfather: "Joey, keep the faith." And his grandmother: "No, Joey: Spread it. Go spread the faith."

Read More

Trump to the Nation: "We're Just Getting Started"

U.S. President Donald Trump speaks to a joint session of Congress at the U.S. Capitol on March 04, 2025 in Washington, DC. President Trump is speaking about the early achievements of his presidency and his upcoming legislative agenda.

(Photo by Mandel Ngan-Pool/Getty Images)

Trump to the Nation: "We're Just Getting Started"

On Tuesday, President Donald Trump addressed a joint session of Congress, emphasizing that his administration is “just getting started” in the wake of a contentious beginning to his second term. Significant themes, including substantial cuts to the federal workforce, shifts in traditional American alliances, and the impact of an escalating trade war on markets, characterized his address.

In his speech, Trump highlighted his actions over the past six weeks, claiming to have signed nearly 100 executive orders and taken over 400 executive actions to restore “common sense, safety, optimism, and wealth” across the country. He articulated that the electorate entrusted him with the leadership role and stressed that he was fulfilling that mandate.

Keep ReadingShow less
Trump’s Tariffs: a burden on workers, a boon for the wealthy

An illustration of a deconstructed dollar bill.

Getty Images, rob dobi

Trump’s Tariffs: a burden on workers, a boon for the wealthy

Earlier this year, President Trump imposed tariffs on Canada, Mexico, and China, claiming they would fix trade imbalances and protect jobs. However, instead of helping American workers, these tariffs act as hidden taxes; they drive up costs and feed inflation. While average Americans bear the brunt of higher prices and lost jobs, the wealthy are insulated from the worst effects.

Many economists assert that tariffs are stealth taxes, that is, the burden is not distributed equally—while corporations may adjust by diversifying suppliers or passing costs along, working households cannot escape higher prices on essential goods like groceries and electronics. Analysts estimate these tariffs could add $1,250 to the annual cost of living for the average American household—a substantial burden for families already struggling with inflation. Additionally, according to the well-regarded Tax Foundation, the tariffs are projected to reduce GDP by 0.5% and result in the loss of approximately 292,000 jobs.

Keep ReadingShow less
Veterans diagnosed with asbestos-related diseases should apply for compensation

An individual applying for a program online.

Getty Images, Inti St Clair

Veterans diagnosed with asbestos-related diseases should apply for compensation

In 1922, the U.S. Navy identified asbestos as the most efficient material for shipbuilding insulation and equipment production due to its heat resistance and durability. The naturally occurring asbestos mineral was also the most abundant and cost-effective material on the market. During the difficult WWII years, asbestos became critical to the U.S. Military, especially for the U.S. Navy and the U.S. Air Force: shipping and shipbuilding were essential, and parts of the military aircraft and incendiary bombs also contained asbestos.

Even as demand exceeded supply, in 1942, a presidential order banned the use of asbestos for non-military purposes until 1945. The application of asbestos-based material by the Military continued to increase until the 1970s when its carcinogenic nature came to light, and the use of asbestos started to be regulated but not banned.

Keep ReadingShow less
S.E. Cupp: Where is the Democratic Party’s Ronald Reagan?

President Joe Biden and President-elect Donald Trump arrive for the inauguration ceremony in the U.S. Capitol rotunda in Washington, D.C., on Jan. 20, 2025.

Getty Images/TCA, Melina Mara/POOL/AFP

S.E. Cupp: Where is the Democratic Party’s Ronald Reagan?

With all the attention deservedly on President Trump and what he intends to do with his defiant return to the White House, there’s a more than good chance we’ll spend the next four years consumed once again by all things Trump.

There’s already been a dizzying amount: a giant raft of executive orders; attacks on a constitutional amendment; his threats to invade sovereign nations; a seeming Nazi salute from one of his biggest surrogates; his sweeping Jan. 6 pardons; his beef with a bishop; his TikTok flip-flop; his billion-dollar meme coin controversy; scathing new allegations against one of his Cabinet picks; unilaterally renaming a body of water; a federal crackdown on DEI; promises of immigration raids across major cities. All this in just the first three days of Trump’s second term.

Keep ReadingShow less