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US banks cut donations to federal candidates

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U.S. banks are spending less on donations to federal candidates this election season.

That's according to research by Reuters, which found commercial banks' political action committees have given roughly $7.4 million to federal candidates.

That's down 43% from the 2020 election cycle and down 39% from the average election in the previous decade.

Read more from Reuters.

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Richard@PellaARMO.com

Wondering if this is due to an expected GOP blow out of the Democrat party. Do banks only like to give to liberal candidates? This makes one wonder.

Tuesday, October 11, 2022
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