Headline Roundup • January 11th, 2021
US Corporations Pause Political Donations After Capitol Breach
Business,Campaign Finance,Technology,Politics,Facebook,Banking And Finance,Capitol Chaos,Donald Trump,Ted Cruz,Josh Hawley,Republican Party,Elections
Summary from the AllSides News Team
Featured Coverage of this Story
Bloomberg
For years Wall Street has sprinkled money all across U.S. politics to make and keep friends in Washington. Now, it’s rethinking the consequences.
After the deadly siege on Capitol Hill last week, major banks are reassessing, reducing and in many cases suspending their campaign contributions. Some are vowing to pull back from candidates who appeared to support the attempted insurrection.
The moves represent a sharp break with the past and come as leaders across corporate America are rushing to distance themselves from President Donald Trump. Big business largely embraced Trump’s...
Axios
Facebook is halting political spending for at least the first quarter of 2021 following last week's deadly attack on the Capitol.
Why it matters: Tech companies have been de-platforming President Donald Trump and his supporters at a rapid pace since the attacks, and freezing political giving may be the next step tech companies take to show they're seriously rethinking their approach to Washington.
Details: Facebook will freeze all contributions from its political action committee and is launching a review of its political spending practices, company spokesman Andy Stone told Axios.
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Washington Examiner
In the wake of the violent attack on Capitol Hill last week, at least three corporations have announced that they would suspend contributions to the campaigns of lawmakers who objected to the certification of Electoral College votes.
At least four protests were scheduled in Washington, D.C., for Wednesday, the day Congress was expected to count the votes of the Electoral College and certify President-elect Joe Biden's victory. Those protests descended into chaos as demonstrators breached the congressional building — smashing windows, breaking into offices, and looting rooms.
Before the demonstrations...
