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As we head into Memorial Day Weekend, we’re taking some time to review recent work at Revolving Door Project—boosting pieces we want to make sure readers here see, and staying focused on priority areas for our team. Here’s hoping the extra time in your week gives you some space to go down a revolving rabbit hole (or two) with us, whether on the crypto industry’s continuing efforts to influence how they’re regulated, or on Scott Sheffield, the former fossil fuel CEO engaged in an oil price-fixing scheme. 

Major corporate scandals make the consequences of Republican-led budget cuts at antitrust enforcement agencies even clearer. Crucially, they serve as reminders that the federal government’s ability to combat the ill effects of monopolization rises and falls in direct proportion to funding, even when motivated and creative leadership are at the helm.

This Sunday marks the start of National Small Business Week (NSBW). Hosted by the Small Business Administration (SBA), NSBW is an opportunity to celebrate the contributions that small businesses make to both the economy and our communities. It also allows Biden and his surrogates to go on a press tour touting his achievements in helping small businesses compete in an economy increasingly characterized by corporate consolidation. 

Yet, once again, the Small Business Administration is squandering the potential of its signature event by partnering with the very same monopolistic corporations that Biden’s antitrust enforcers are fighting in the courts.

Boeing Won’t Self Regulate; We Can’t Keep Trusting Them To

On Monday, President Biden presented a new student loan debt relief plan at Madison Area Technical College in Wisconsin, as surrogates (Vice President Harris and Education Secretary Cardona) simultaneously spoke about the plan in other battleground states.

Show me a politician rabble-rousing about “unelected bureaucrats” running the country, and I’ll show you someone who wants those bureaucrats to be serving their interests, not the country’s. Show me a company crying foul about government overreach, and I’ll show you a company trying to get away with—in some cases, literally—murder. 

By Friday, Congress needs to vote on a proposed “minibus”—a package of six out of the 12 necessary government spending bills for fiscal year 2024—to avoid a partial government shutdown. We’ve got a handy explainer of all the federal budget terms you wish you didn’t need to know, from “minibus” to “poison pill” to the Fiscal Responsibility Act of 2023, which is the reason why our country’s grotesque military budget is getting a $26 billion boost up to $886 billion, while non-defense spending is getting a $4 billion cut, down to $773 billion.

While there are plenty of damning narratives to derive from the latest in government appropriations dysfunction, there is one story in particular that we’re anxious to see told by the White House and Congressional Democrats, and it’s this…