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Marketplace Morning Report

Less than zero

Sep 17, 2019
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Marketplace Morning Report

Wall Street spending sets new record in presidential campaign

Lewis Wallace Oct 26, 2016
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STAN HONDA/AFP/Getty Images

Wall Street has spent $1.4 billion on donations and lobbying this election, more than twice the contributions by any other industry, according to a new study by Americans for Financial reform. That works out to $2.3 million per day from January 2015 to September 2016. And it wasn’t banks that led the effort, despite the political rhetoric around their role in big-money politics. Real estate interests topped the charts, spending $66 million. Perhaps less surprising: 61 percent of financial sector contributions went to Republican candidates, and 39 percent to Democrats.

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