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U.S. announces new bank alert targeting powerful Jalisco New Generation Cartel

June 30, 2026 2:51 PM EDT / CBS/AP

U.S. Treasury announced a series of sanctions and a new bank alert targeting the Jalisco New Generation Cartel, Mexico’s most powerful criminal enterprise.

Treasury’s Office of Foreign Assets Control imposed sanctions on two Mexican men and nine companies involved in transportation, financial services and real estate, accused of being tied to a cartel-linked fuel theft ring intended to evade Mexican taxes while generating tens of millions of dollars annually for the cartel.

Additionally, Treasury’s Financial Crimes Enforcement Network arm issued an alert to financial institutions that point out red flags of fuel smuggling from the U.S. into Mexico in schemes involving Mexican tax evasion.

“Today’s action highlights the extent to which Mexico’s cartels are expanding beyond traditional drug trafficking to generate revenue for their criminal organizations, which continue to traffic deadly drugs that kill Americans,” said Treasury Secretary Scott Bessent in a statement.

The U.S. Drug Enforcement Agency has acknowledged the New Generation Cartel’s presence in 21 of Mexico’s 32 states, surpassing the powerful Sinaloa Cartel, which is estimated to operate in 19 states. Last year, President Trump designatedthe Jalisco New Generation Cartel and five other Mexican cartels as foreign terrorist organizations.

Mexican authorities have in recent years seized million gallons of stolen diesel, gasoline and petroleum distillates from states bordering Texas. Organized crime taps pipelines and diverts fuel to service stations forced to buy from cartels or sell it directly in the streets.

U.S. authorities have even accused the Jalisco New Generation cartel of operating its own service stations.

U.S. Treasury announced a series of sanctions and a new bank alert targeting the Jalisco New Generation Cartel. U.S. Treasury

Last month, a U.S. federal grand expanded the charges against the cartel’s second-in-command, known as “The Gardener,” accusing him of methamphetamine trafficking and conspiracy to launder money. Mexican drug kingpin Audias Flores Silva wasarrested on April 27in the western state of Nayarit in an operation by Mexican Navy special forces based on information provided by U.S. agencies.

Flores Silva was seen as a possible successor to Nemesio Oseguera Cervantes, or”El Mencho,” who was killed in a dramatic military operation in February. The killing of “El Mencho” led to asurge of cartel violencewith a wave of attacks on businesses by cartel gunmen, vehicle burnings and road blockades that killed more than 70 people, including 25 National Guard members.

Taylor Swift and Travis Kelce wedding rumors fuel millions in bets on prediction markets

2026-06-30 12:56 EDT / CBS News

By Jo Ling Kent Senior Business and Technology Correspondent
Journalist Jo Ling Kent joined CBS News in July 2023 as the senior business and technology correspondent for CBS News. Kent has more than 15 years of experience covering the intersection of technology and business in the U.S., as well as the emergence of China as a global economic power.

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The wedding of Taylor Swift and Travis Kelce could be just days away, and even though there’s no official confirmation of it happening, people are still betting millions on it.

Prediction markets, which are often used to bet on sports and politics, are now seeing an influx of action from Swifties. More than $2 million has been bet just on where the couple will tie the knot.

“Prediction markets are filling this void in our society of turning every single thing into a gambling contract,” said Jonathan Cohen, the gambling policy lead at the American Institute for Boys and Men. “When celebrities get married, people want to gamble on celebrities getting married.”

According to Kalshi, New York leads the way for the couple’swedding location.

Last week, CBS News confirmed with New York City Hall that an application was filed for an event in or around Madison Square Garden on July 3.

On Monday, several trucks were spotted with equipment labeled “Garden Party” being loaded into MSG – sparking more speculation that Swift and Kelce may be hosting some type of celebration there.

Kalshi says the superstar wedding has already generated more than $4.5 million in wagers.

As of early Tuesday morning, Kelce’s brother, Jason Kelce, is the top pick for groomsman at 94%, according to Kalshi. Other picks include Swift’s brother, Austin Swift, and Kelce’s teammate, Kansas City Chiefs quarterback Patrick Mahomes. As for bridesmaids, Swift’s childhood best friend, Abigail Anderson Berard, holds the lead at 85%.

This year alone, Kalshi has already seen $600 million in trading on entertainment markets, which is double the amount from 2025.

The company has also seen the number of female traders double in the past year.

“You sort of need to, like, have the exit velocity to break out of this sort of male space and maybe, just maybe, a Taylor Swift wedding, an event so clearly sort of in the female fan wheelhouse, could be the way to do that,” Cohen said.

Less than 40% of U.S. households can afford a starter home, study finds

June 30, 2026 / 1:39 PM EDT / CBS News

By Megan Cerullo Reporter, MoneyWatch
Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting.

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Buying a first home remains out of reach for many Americans, with fewer than 4 in 10 non-homeowner households able to afford a typical starter home, a new LendingTree analysis found.

A typical starter home costs $200,000, with LendingTree defining entry-level homes as owner-occupied properties valued at the 25th percentile of the housing market. The analysis found that only 38% of households that don’t already own a home could afford one.

Starter homes tend to be smaller and require more repairs or updates than higher-priced homes, but they often provide buyers with their first opportunity to build equity. Without access to entry-level homes, some Americans may be missing out on what is considered to be one of the biggest wealth-building opportunities.

Another recent study found that 242 cities across the U.S. now have starter homes that cost at least $1 million. The number of cities where entry-level properties cost at least seven figures has tripled since 2020, Zillow said earlier this month.

Incomes falling short

Non-homeowners need to earn just over $62,000 to afford a starter home. Still, their median salary is $55,000, leaving an income gap of more than $7,000, or about 13%, according to LendingTree’s analysis.

Overcoming that deficit can be difficult to impossible, according to LendingTree chief consumer finance analyst Matt Schulz.

“It’s safe to say that most people don’t get raises of $7,099 each year,” he said in a statement. “That means that bridging that gap might require a side hustle, a second job or other sacrifices. That’s tough, however, especially with how many other demands people already have on their time.”

The gap is even larger in some states. In California, for example, the median non-homeowner household earns $72,900, or $67,776 less than the $140,676 needed to afford the average $482,000 starter home, according to LendingTree.

“For so many, it feels completely out of reach,” Schulz said. “It’s a shame because homeownership can be a powerful wealth-building tool and a real stabilizing force for families. However, the numbers involved are so daunting that many people don’t see a realistic way to get into the market.”

Where starter homes are more affordable

In Rhode Island, the nation’s least affordable state for prospective starter-home buyers, just 16.5% of households can afford an entry-level home. Utah and Hawaii ranked second and third.

Southern states, by contrast, offer a more affordable path to homeownership for households that rank it as a top priority.

In Mississippi, nearly 62% can afford a starter home, followed by West Virginia (58%), Arkansas (54%) and Alabama (54%).

Edited by Aimee Picchi

Texas Senate race is dead even, poll finds

June 30, 2026 at 12:06 p.m. EDT / The Washington Post

The survey suggests Democrats have a chance to win a statewide contest in Texas for the first time since the 1990s.

Texas Senate candidate James Talarico, left, and Texas Attorney General Ken Paxton. (Danielle Villasana/LM Otero/Getty Images)

By Scott Clement

Democrat James Talarico is tied with Republican Ken Paxton in Texas’s closely watched U.S. Senate election, according to a New York Times-Siena University poll released Tuesday.

The survey suggests President Donald Trump’s unpopularity and Paxton’s past controversies are giving Democrats a chance to win a statewide contest in Texas for the first time since the 1990s.

Overall, the poll finds 47 percent of likely voters support Paxton, the state’s attorney general, while 47 percent support Talarico, a state lawmaker who earned a master’s degree in theological studies. Another six percent are undecided.

Trump won Texas by 14 percentage points, but the Times-Siena poll finds 53 percent disapproving of his job performance today, with 57 percent disapproving of his handling of the war in Iran and 60 percent disapproving of his handling “the cost of living.”

Texas voters clearly prefer Talarico to Paxton on a personal level: 51 percent say he has “the right kind of moral values,” and 56 percent say he “has good character,” compared with 39 percent who praise Paxton’s moral values and 38 percent who say he has good character.

In 2023, Paxton was impeached by the Republican-controlled state House on multiple charges of abuse of office, while the state Senate acquitted him.

Yet there are other signs Texas may revert to its Republican leanings by November, with likely voters saying they prefer Republicans control the U.S. Senate by a 50 percent to 44 percent margin.

The Times-Siena poll was conducted June 19-27 among a random sample of 656 likely voters in Texas, with live callers administering surveys in English and Spanish. The margin of sampling error is plus or minus 4.5 percentage points.

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Consumers need protection from AI agents, lawmaker says

June 30, 2026 3:22 PM EDT / CBS News

By Megan Cerullo Reporter, MoneyWatch

As artificial intelligence spreads across the U.S. economy, Sen. Mark Warner wants to rein in AI agents, the autonomous bots that can complete tasks for consumers, such as booking trips and shopping online.

The Virginia Democrat is supporting a first-of-its-kind draft bill — the Artificial Intelligence Access, Gatekeeper Exchange and Nondiscriminatory Transfer, or AI Agent, Act — that proposes privacy and security measures that he said would protect consumers and businesses from potential risks of using AI.

“As agentic AI transforms how Americans interact with technology, consumers deserve a real choice in the marketplace – and AI agents must be accountable to the people they serve,” Warner said in a statement on Monday. “This discussion draft is a major step toward building a clear federal framework that promotes innovation, protects consumers and ensures the United States continues to lead the world in emerging technology.”

The AI Agent Act proposes establishing rights and responsibilities for AI agents that access large online platforms, while also ensuring they act in a user’s best interest. It would also create a Federal Trade Commission registry of trusted AI agents to ensure that consumers don’t hand over their personal information to a bot that could put it at risk.

“An AI agent that has access to a user’s most sensitive data and access rights – including email, e-commerce accounts and credit cards – must behave in fiduciary-like manner to protect users,” a draft summary of the proposal states.

The measure would also require AI agents to protect users’ privacy and any data they collect, to act “in a user’s best interest,” and to protect businesses from being exploited by unauthorized AI agents.

Warner is releasing the draft bill to solicit feedback from stakeholders and the public before formally introducing it, he said.

The use of AI-powered shopping assistants could account for up to $385 billion of U.S. e-commerce sales by 2030, according to Morgan Stanley.

Edited by Alain Sherter

Mamdani-backed socialist in hot seat again over deleted posts praising communism, Marxism: ‘Crazypants’

2026-06-30T13:49:48-04:00 / Fox News

The deleted Twitter account called Karl Marx a ‘must read’ and complained libraries lacked Marxist literature

By Andrew Mark Miller, Kiera McDonald Fox News

Published June 30, 2026 1:49pm EDT

https://www.foxnews.com/video/6399821003112

NY socialist nominee Darializa Avila Chevalier under fire over Marxist tweets

Chief congressional correspondent Chad Pergram reports Democratic socialist Darializa Avila Chevalier is facing scrutiny over deleted tweets praising Marxism, forcing elite party leaders to duck accountability while modern moderates like Senator John Fetterman demand answers over the party’s hard-left turn.

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Socialist New York congressional candidate Darializa Avila Chevalier is facing criticism over a deleted social media account that featured posts where she expressed support for communism, Marxist principles, and reverence for Soviet figures.

Avila Chevalier, backed by New York City Mayor Zohran Mamdani and the Democratic Socialists of America (DSA), operated the Twitter account Darializabonet until it was deleted in June 2022. The account, according to CNN, called Karl Marx a “must read”, complained that libraries didn’t provide enough Marxist literature, and quoted convicted cop killer Assata Shakur.

“I just cannot get over the fact that the universe has foisted upon us the perfect illustration of literally every failing of capitalism and people are still like we can’t be communists cuz there won’t be enough types of soup,” a post retweeted by Avila Chevalier said.

Avila Chevalier, who has already faced criticism over deleted posts calling to abolish the police and discussing wiping her hands on an American flag, was widely slammed by conservatives and moderates both online and on television over the new CNN report.

MAMDANI STANDS BY FELLOW SOCIALIST CANDIDATE DESPITE RESURFACED FAR-LEFT, ANTI-AMERICAN POSTS

Congressional candidate Darializa Avila Chevalier and Mayor Zohran Mamdani.(Michael M. Santiago/Getty Images; Michael Nagle/Bloomberg via Getty Images)

“Our party has become an orgy of socialism,” Sen. John Fetterman, D-Pa., said during a Fox News appearance and also posted on X, “Will Democrats continue to defend Crazypants or pretend, ‘Oh, I wasn’t really paying attention?’”

“It cannot be overstated just how radical Darializa Avila Chevalier is,” UPenn student Eyal Yakoby posted on X.

“Funny, I was told repeatedly on live TV that socialism and communism are totally different and in no way, shape, or form are these Democratic Socialists the same as communists,” CNN political commentator Scott Jennings posted on X.

MAMDANI-BACKED SOCIALIST PRIMARY WINNER FOUNDED GROUP WHOSE GOAL IS TO ‘ERADICATE’ WESTERN CIVILIZATION

Darializa Avila Chevalier, U.S. Democratic House candidate for New York, speaks at a Get Out The Vote rally at Kings Theater in Brooklyn, New York, on June 18, 2026.(Adam Gray/Bloomberg via Getty Images)

“‘Democratic Socialist’ is to the Communist what ‘National Socialist’ was to the Nazi,” reality TV star and former Los Angeles mayoral candidate Spencer Pratt posted on X.

“The enemy is inside the gates,” Republican Sen. Tim Sheehy of Montana posted on X. “Socialism/communism have killed more people than every other -’ism’ combined. Add in radical Islamism and you have an apocalyptic combination.”

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https://www.foxnews.com/video/6399816617112

Sen John Fetterman breaks down Democratic Party divide amid socialist surge

“These people are the vanguard of an America-hating wave of progressive lunatics.”

Fox News Digital reached out to Avila Chevalier for comment.

Avila Chevalier, despite her history of anti-American rhetoric, defeated the incumbent Democratic Rep. Adriano Espaillat in New York’s 13th Congressional District Democratic primary on Tuesday. She is widely expected to defeat her Republican opponent in November in one of the bluest cities in the United States.

Andrew Mark Miller is a reporter at Fox News. Find him on Twitter @andymarkmiller and email tips to AndrewMark.Miller@Fox.com.

Egg producers reach federal and state settlement over allegations of price-fixing

June 30, 2026 / 2:30 PM EDT / CBS News

The Department of Justice and more than a dozen states have reached a proposed settlement with three of the country’s leading egg producers to resolve claims that the companies colluded to manipulate egg prices.

The agreement comes after an investigation by federal antitrust enforcers and state attorneys general alleged that Cal-Maine Food, Versova/Centrum and Hickman’s Egg Ranch coordinated to artificially inflate daily egg price quotations between June 2022 and March 2025, leading to higher prices for retailers and consumers.

The companies provide eggs to grocery stores, restaurants and retailers across the U.S., according to the Justice Department.

“We are proud that these settlements will keep egg prices competitive and keep money in the hands of consumers across the country,” Deputy Assistant Attorney General Nicole Sarrine of the Justice Department’s antitrust division said in a statement on Tuesday.

As part of the agreement, the companies will be required to provide a combined 53 million eggs to food banks and community organizations in states party to the settlement and pay the states $3.3 million, according to a June 29 complaint filed by the Justice Department and states.

The complaint accuses Cal-Maine, Hickman’s and Versova of conspiring to submit bids to influence egg price quotations, creating the impression there was a greater demand than there actually was. The daily quotations from Urner Barry, a market reporting company, serve as a benchmark for the egg industry, shaping what retailers pay for eggs nationwide, according to the suit.

“Every year, billions of eggs are sold with prices based on Urner Barry’s price quotations,” the Justice Department said in its statement.

Cal-Maine, a Mississippi company that bills itself as the nation’s largest egg producer and distributor, denied any wrongdoing in a statement, calling the allegations “baseless.”

Iowa-based Versova said it is “pleased the U.S. Department of Justice investigation has been resolved without any finding of or admission of wrongdoing.”

Arizona-based Hickman’s did not immediately respond to a request for comment.

The Justice Department said the settlement, which must still be approved in court, will deter the companies from communicating with competitors to influence egg prices.

The cost of eggs has been a pain point for American shoppers in recent years. Prices hit record highs last year amid an avian flu outbreak that decimated the country’s poultry flocks. A carton of large Grade A eggs now sells for an average of $2.19, down from $6.23 in March 2025, according to the Federal Reserve Bank of St. Louis.

In its statement, Cal-Maine cited bird flu and the COVID-19 pandemic as the main drivers of volatility in egg prices. Versova also pointed to the bird flu and said it was not responsible for setting prices.

“Egg farmers in the United States don’t set the wholesale price of eggs, which are a commodity product,” Versova said in a statement. “At Versova, most of our eggs are sold on grain-based contracts, which means the price our customers pay fluctuates based on the costs of grain inputs for hen feed.”

Taylor Swift-Travis Kelce wedding events at Madison Square Garden to include rehearsal dinner, late-night celebration, sources say

2026-06-30 14:42:00 EDT / CBS News

By Anna Schecter, Richard Esposito
Updated on: June 30, 2026 / 3:10 PM EDT / CBS News

Taylor Swift and Travis Kelce will be celebrating their nuptials this holiday weekend in New York City after days of speculation about the most anticipated celebrity wedding of the year.

The couple plans to have a rehearsal dinner Thursday evening and a wedding celebration Friday into the early hours of Saturday morning at Madison Square Garden, according to two law enforcement sources familiar with the security planning for the events.

The rehearsal dinner Thursday will be for around 100 people at the Infosys Theater at Madison Square Garden, the two sources told CBS News. The second, larger event can accommodate around 1,000 people, the sources said, and it could go until 4 a.m.

ABC News was first to report the planned celebrations on Tuesday.

Fans have been eagerly awaiting details and sharing rumors about the potential ceremony for Swift and Kelce after news broke that Swift had rented out the massive concert venue, which locals refer to as “the Garden.”

Swift’s team applied for a street activity permit from July 2 to July 4, a senior law enforcement source told CBS News last week. The source added that the event planners will need to hire private security because New York Police Department resources are already tight during that time, when tourists flood the city for the Fourth of July weekend.

The NYPD did not immediately respond to a request for comment on this story.

John Hart, a retired assistant chief of the NYPD who has extensive experience handling security for high profile events, told CBS News that the confined space of Madison Square Garden will help the security team keep Swift, Kelce and their guests safe. He added that obtaining the street activity permits frees up the burden on the NYPD and allows for private security to help secure the area around the venue.

“That said, it will be swarmed by media of all types and fans hoping to catch a glimpse,” Hart said.

Managing media and what’s known as “fan pens” will likely fall on the NYPD, as they will be outside the hard frozen zone secured by private security.

“Paparazzi chasing cars with guests and swarming hotels will be a side issues that will fall to NYPD as well,” Hart said.

Large trucks have been seen parked outside the venue in recent days, with work crews unloading stage equipment, lights and other gear, much of it under wraps. Some of it bore signs labeled “Garden Party” or “GP.”

Deanna Marie Lowe contributed to this report.

https://www.cbsnews.com/video/taylor-swift-travis-kelce-wedding-rumors-prediction-markets/

House conservatives derail GOP agenda in SAVE America Act showdown

June 30, 2026 2:19pm EDT / Fox News

Trump urged the cohort to stop ‘grandstanding’ while Johnson called their hardball tactics ‘self-defeating’ for the agenda

By Adam Pack, Fox News

Congress LEAVES as election integrity & SAVE America FIGHT heats up

Congressman Pat Fallon condemn the Senate’s delay in passing the SAVE America Act, citing its importance for election integrity.

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The House floor remained effectively shut down Tuesday after more than a dozen House conservatives continued their blockade in protest of the stalled SAVE America Act.

The group of holdouts, including Rep. Anna Paulina Luna, R-Fla., blocked a procedural vote, effectively freezing legislative business for the foreseeable future, after forcing GOP leaders to punt several votes last week.

The hardball tactics have forced the chamber into legislative paralysis as House Speaker Mike Johnson, R-La., races to advance several legislative priorities before the July 4 recess.

Lawmakers voted 198-224 against advancing a spate of legislative items — including a must-pass defense bill that will be paired with the SAVE America Act — with 14 Republicans voting “no.”

Rep. Anna Paulina Luna, R-Fla., spoke to members of the media outside a House Republican Conference meeting at the U.S. Capitol on Sept. 3, 2025, in Washington, D.C.(Graeme Sloan/Bloomberg via Getty Images)

‘AS LONG AS IT TAKES’: TRUMP ALLIES FREEZE HOUSE FLOOR TO PRESSURE SENATE ON VOTER ID BILL

The GOP holdouts included Luna and Reps. Max Miller, R-Ohio, Eric Burlison, R-Mo., Tim Burchett, R-Tenn., Andy Harris, R-Md., Randy Fine, R-Fla., Chip Roy and Keith Self, R-Texas, Eli Crane, R-Ariz., Victoria Spartz, R-Ind, Thomas Massie, R-Ky., and Lauren Boebert, R-Colo.

Meanwhile, Rep. Mike Turner, R-Ohio, likely voted “no” over an unrelated objection to the NDAA and House Majority Leader Steve Scaclise switched his vote to allow lawmakers to reconsider it again.

With such slim margins, Johnson could afford to lose just a handful of defections.

The conservative rebels continued their floor blockade in apparent defiance of President Donald Trump, who urged the cohort to stop “grandstanding” in a Truth Social post last week. Johnson also called their hardball tactics “self-defeating” for Republicans’ agenda.

“It doesn’t make any sense,” Johnson told reporters Monday. “We have to move forward with legislation and that’s what I’ll be telling them all.”

He was seen having a tense conversation with Luna and several holdouts shortly before the failed vote.

In a likely attempt to appease conservative hardliners, Johnson used a rare procedural maneuver this week to revive the Trump-backed election measure, which has sat in limbo in the Senate chamber for months amid widespread opposition from Democrats.

GOP leaders proposed merging the SAVE America Act with an annual defense policy bill, known as the National Defense Authorization Act, when sending the legislation over to the Senate.

The House already passed that version of the SAVE America Act, but Johnson argued the upper chamber would be more likely to pass the measure if paired with a traditionally bipartisan bill.

“Let’s just have the full bill that’s still sitting there and has been transmitted to the Senate, let’s send it again, but put it as part of something that we hope and believe will be a bipartisan vote in both chambers, and that Democrats in the Senate will understand,” Johnson said during a leadership press conference on Tuesday.

The GOP holdouts have repeatedly demanded that leadership attempt to jam the upper chamber with the election measure as Trump insists it’s his top legislative priority. They largely withheld their support for Johnson’s proposal prior to the vote, arguing it would not force Senate action on the SAVE America Act.

Speaker Mike Johnson, R-La., talks with reporters in the U.S. Capitol on June 10, 2026.(Tom Williams/CQ-Roll Call, Inc via Getty Images)

HOUSE GOP’S SAVE ACT RESCUE PLAN HITS RESISTANCE FROM CONSERVATIVE HOLDOUTS

Luna said she wanted the SAVE America Act to be attached to the NDAA as an amendment or have a vote on an amendment to attach voter identification proof of citizenship requirements to the defense policy bill.

“IF IT IS NOT DONE THIS WAY, IT WILL EASILY BE TAKEN OUT,” Luna wrote on social media shortly before the vote.

Though both Trump and Johnson sharply criticized the floor blockade, Luna disputed that her approach was derailing Republicans’ agenda.

“To, you know, say that we’re holding up the process. This is legislating,” the Florida lawmaker told reporters Monday, standing next to Rep. Tim Burchett, R-Tenn., who has also joined the SAVE protest. “If people elected us to just come up here and vote in line with what the party wants, then it would be a whole lot different.”

The upper chamber is also considering its own version of the NDAA that does not include the election measure.

Tuesday’s procedural vote also advanced fiscal year 2027 funding for the State Department and other foreign operations and a GOP-authored measure commemorating the one-year anniversary of President Donald Trump’s One Big Beautiful Bill Act, among other measures.

Some conservatives, including Rep. Chip Roy, R-Texas, threatened to withhold their support during the test vote over a stalled border security package they want to put to a chamber-wide vote.

Rep. Chip Roy, R-Texas, speaks to reporters after passage of a Department of Homeland Security funding bill, on April 30, 2026, at the U.S. Capitol.(Graeme Sloan/Getty Images)

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Johnson promised conservatives a vote on the legislation before the July 4 recess, but that deadline appears likely to pass without a floor vote. Republicans have also yet to release the bill text.

“There’s no consensus,” House Majority Leader Steve Scalise, R-La., told reporters Tuesday. “At the end of the day, we’ve got to have consensus before we can move forward.”

Why the Supreme Court’s ruling could deepen Democrats’ fundraising woes

2026-06-30 12:57 p.m. EDT / The Washington Post

The Supreme Court’s decision on Tuesday to loosen campaign finance laws by allowing party committees to coordinate with candidates is a boon for Republicans and threatens to deepen Democratic fundraising woes.

By Dan Merica and Clara Ence Morse

The Supreme Court’s decision on Tuesday to loosen campaign finance laws by allowing party committees to coordinate with candidates is a boon for Republicans and threatens to deepen Democratic fundraising woes.

The court essentially supercharged Republicans’ almost $150 million committee fundraising cash advantage relative to Democrats, giving Republicans another large pot of money to use in what could be a challenging midterm election.

The most dramatic divide is between the Republican National Committee, which ended May with $125 million in the bank, and the Democratic National Committee, which ended the month $3 million in debt.

The heads of the three major Democratic committees lamented the decision Tuesday, labeling it “a win for billionaire donors and special interests.” Republicans said they were ready to use the ruling to their advantage in the midterms.

Under earlier rules, there were strict limits on what party committees could do for candidates. But these new guidelines are likely to upend how committees funnel money into TV ads and campaigns.

“Every Republican campaign essentially inherits a much bigger trust fund than any of the Democrats inherit,” Jesse Ferguson, a longtime Democratic operative, said ahead of the ruling.

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