A year before the midterms, quarterly fundraising reports are already reshuffling expectations and causing some candidates to drop out. And candidates are spending almost as much raising money as they collect. That’s because in congressional primaries and general elections, the top fundraiser still wins 92 percent of the time. Danielle Thomsen finds that candidates are raising money earlier and in larger amounts than ever. And everything from who runs for office to who rules in Congress is now governed by money, even though most of the value is in signaling rather than actually using it to communicate with voters.
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A year before the midterms, quarterly fundraising reports are already reshuffling expectations and causing some candidates to drop out. And candidates are spending almost as much raising money as they collect. That’s because in congressional primaries and general elections, the top fundraiser still wins 92 percent of the time. Danielle Thomsen finds that candidates are raising money earlier and in larger amounts than ever. And everything from who runs for office to who rules in Congress is now governed by money, even though most of the value is in signaling rather than actually using it to communicate with voters.
President Trump has pressured and attacked the Federal Reserve and is now trying to replace governors. What are the consequences if the Fed is losing independence and moving toward presidential control? Cristina Bodea finds that the Fed was never the most independent and is becoming less so in the face of public pressure. That could make a normally conservative institution move toward enabling inflation and government spending. We also talk about international comparisons, populist pressure on central banks globally, leader gender, and the role of tariffs and democratic backsliding.
The Science of Politics
A year before the midterms, quarterly fundraising reports are already reshuffling expectations and causing some candidates to drop out. And candidates are spending almost as much raising money as they collect. That’s because in congressional primaries and general elections, the top fundraiser still wins 92 percent of the time. Danielle Thomsen finds that candidates are raising money earlier and in larger amounts than ever. And everything from who runs for office to who rules in Congress is now governed by money, even though most of the value is in signaling rather than actually using it to communicate with voters.
