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AXIOS (Maria Curi) - Pro-AI super PAC keeps $31M ready for the midterms

With millions of dollars sitting in AI super PAC accounts, the industry's influence in the midterms is on track to expand. Why it matters: AI groups have already become major players in congressional races, but the latest Federal Election Commission filings suggest that the biggest spending may lie ahead. - Candidates are not definitively winning or losing on the AI issue alone so far. But with millions of dollars still available, AI groups are positioned to push their priorities hard through November. By the numbers: Leading the Future — a pro AI-industry super PAC backed by tech execs and investors pushing rapid AI development and lighter regulation — closed out Q2 with $31.5 million after transferring $20 million to affiliated…

What are the reported cash on hand amounts for the Defending Our Values PAC and the Guardrails Alliance?
The Republican-focused Defending Our Values PAC closed out the quarter with nearly $315,000 cash on hand, while the Guardrails Alliance, a newly launched super PAC backed by tech workers and founded by Democratic organizers, reported nearly $400,000 cash on hand.
Q&A ID 07470dd4-ebb4-44f8-8e31-3b354d48ef26
What is the financial situation and political affiliation of the Jobs and Democracy PAC?
Jobs and Democracy PAC, which backs Democrats, ended the quarter with about $1.3 million cash on hand; it received nearly $10 million from the affiliated 501(c)(4) Public First Action during the reporting period, in addition to money from Public First PAC.
Q&A ID 8ab5042d-1e8d-4300-b899-899337a0ed0c
How much did Anthropic CEO Dario Amodei and other tech employees contribute to the Public First PAC?
Anthropic CEO Dario Amodei donated $1 million to Public First, while employees from Anthropic, Google, and OpenAI collectively contributed more than $2 million to the super PAC.
Q&A ID ebc2a39f-cc15-49fc-b4ad-2f61e53b6f42
What is the financial status and affiliation of the bipartisan Public First PAC?
The bipartisan Public First PAC reported approximately $494,000 cash on hand at the end of Q2; it is tied to the bipartisan 501(c)(4) nonprofit Public First Action and transferred $3.3 million to its affiliate, Jobs and Democracy PAC.
Q&A ID 5b8211fa-8d38-41b5-b052-a8bfd8c75576
What were the specific disbursements made by the super PAC Leading to Think Big PAC and American Mission PAC?
According to its latest FEC filing, Leading the Future disbursed $10 million to Think Big PAC and $10 million to American Mission PAC.
Q&A ID 741a9f83-1557-4e7c-9893-14d99ce8bf31
How much money did the pro-AI industry super PAC Leading the Future have remaining at the close of Q2?
Leading the Future, which is backed by tech executives and investors to push for rapid AI development and lighter regulation, closed out Q2 with $31.5 million after transferring $20 million to affiliated groups.
Q&A ID 12e6a311-5213-47a4-818c-6a366b3d43d8
Keywordsaitechpoliticselectionsuper-pacopenaianthropicmetaleading-the-futurepublic-first-actionforge-the-futuremaking-our-tomorrowai-safetyai-regulationtech-moneywashington-dcelection-integritymidterm-electioncampaign-fundingfecdario-amodeigooglejobs-and-democracy-pacguardrails-allianceaxio

AXIOS (Stef W. Kight) - GOP gets new midterm spending weapon from SCOTUS

The Senate GOP campaign arm won a major Supreme Court boost in the party's bid to hold congressional majorities on Tuesday. Why it matters: Republicans ' reliance on mega-donors and their cash-flush committees positions them to benefit more than Democrats from the ruling, which allows committees to spend unlimited sums in coordination with candidates as they push against headwinds in November. - GOP officials reacted with glee to the Tuesday ruling, deriding Democrats who have criticized the decision for giving more power to the wealthiest donors. - "The tool is available to both sides. It should be a bipartisan issue," the NRSC's political director, Brendan Jaspers, told stakeholders on a Tuesday call, adding that Democrats are just…

Keywordsgoprepublicansdemocratsscotussupreme-courtsenatemidtermselection-2026campaign-financenrscrncdncpolitical-spendingjudicial-rulingus-politicsfederal-election-commissionfecactblueadvertisingjvdjvanceohiomainepolitical-strategylegal-system

AXIOS (Andrew Pantazi) - Supreme Court strikes down party spending limits

The Supreme Court on Tuesday struck down federal limits on how much political parties may spend in coordination with candidates, handing party committees a major win and reshaping campaign-finance rules ahead of the midterms. Why it matters: Freed from the caps, party committees can now spend without limit alongside their candidates — making them a far more powerful magnet for the big-dollar money that's flooded into super PACs over the past 15 years. Driving the news: In a 6–3 decision with a majority opinion by Justice Brett Kavanaugh, the court held that the coordinated party expenditure limits violate the First Amendment. - The decision overturns a 25-year-old precedent that had upheld the same limits. The intrigue: The…

Keywordssupreme-courtcampaign-financefirst-amendmentpolitical-spendingjudicial-warfarejustice-brett-kavanaughjustice-elena-kagancitizens-unitedsuper-pacrepublican-national-senatorial-committeefederal-election-commissionfecgopdemocratsmidtermspolitical-donorsmoney-in-politicscongressjvancesteve-chabotwashington-dclawlegalsupreme-court-ruling

AXIOS (Avery Lotz) - Supreme Court's blockbuster week will put Trump's power to the test

The Supreme Court 's final week of the term is shaping up to be a blockbuster, with several remaining cases carrying major implications regarding the scope of President Trump 's power. The big picture: Three of the eight cases awaiting ruling hinge on what Trump — and future presidents — can or can't do in office, including determining who gets to be an American and what checks there are for a president's ability to fire federal officials. - Trump is no stranger to pushing the limits as commander in chief, and told "The Axios Show" last week that there are "no limits" to his power in office since going to war with Iran. - But federal courts have demarcated the limits to what a president can do, often to Trump's ire . Driving the…

Keywordsdonald-trumpsupreme-courtbirthright-citizenshipimmigrationconstitutionpresidential-power14th-amendmentfederal-officialsfedftcelection-lawmississippimail-in-ballotscampaign-financefeclgbttransgender-athletesfourth-amendmentgeofencingwarrantspoliticslegaljudicial-warfarered-green-axis

AXIOS (Andrew Solender) - Congress is scrambling to regulate prediction markets

Members of Congress are rushing to institute new regulatory guardrails around online prediction markets following a series of alleged insider trading scandals. Why it matters: As with cryptocurrency and artificial intelligence, this is proving to be yet another emerging tech policy area in which Congress finds itself struggling to stay ahead of the curve. - More than a dozen bills have been introduced this year aimed at regulating betting markets, according to the Congressional Research Service . Not one has made meaningful progress towards becoming law. - The latest is a bill from Rep. Ritchie Torres (D-N.Y.), first obtained by Axios , which would ban the use of campaign funds to bet on prediction markets. Catch up quick: A $30,000 bet…

Keywordscongressprediction-marketsregulationkalshipolymarketlegislationinsider-tradingfinancebettingpoliticstrumprtorresjamieraskinjeffmerkleyfecdojus-governmentlegallawsuitsfinancial-toolscampaign-fundsmisinformationtechnology-policygamblingelections

AXIOS (Hans Nichols) - Scoop: GOP called Howard Lutnick to reverse crypto PAC's Texas move

Senior Republican officials called Commerce Secretary Howard Lutnick on Tuesday after a new crypto super PAC seeded by his former firm, Cantor Fitzgerald, indicated in a FEC filing that it planned to spend $1.75 million backing Ken Paxton in Texas, Axios has learned. Why it matters: GOP leaders were alarmed that the new group, Fellowship PAC, was wading into a contentious primary runoff in which President Trump has famously dithered about taking a side between Paxton and Sen. John Cornyn. - While Lutnick's sons now run Cantor Fitzgerald, from which Lutnick divested last year, senior Republican officials appealed to the Commerce secretary to help reverse what they viewed as a silly political blunder, according to three people familiar…

Keywordscryptorepublicanshoward-lutnicktexasken-paxtonjohn-cornynsuper-pacfellowship-paccantor-fitzgeraldtetherelection-newspolitical-fundingfecgopsenatenrscchris-lacivitacrypto-industrymoney-in-politicstexas-politics

NYTIMES (Brad Plumer) - TerraPower Nuclear Reactor in Wyoming Gets Federal Permit

TerraPower’s project in Wyoming, which uses novel technology, is the first new commercial reactor to receive federal approval in nearly a decade.

Keywordsterrapowerwyomingnuclear-powernuclear-energyfederal-permitepaclimate-changeclean-energydecarbonizationus-politicsenergy-policywashingtonenergy-securitynuclear-technologyregulatory-reformfecenergy-infrastructureamerica-firstbrad-plumernytimes