Blog & Investigations

Original reporting and data analysis on federal spending, congressional stock trading, and political money flows. No paywall. No agenda except the truth.

Investigation2026-05-20

Congress Bought Stock in Defense Contractors. The STOCK Act Won't Stop Them.

The STOCK Act of 2012 was supposed to end congressional insider trading. Twenty years later, the exemptions are so broad that nearly every trade is legal.

7 min readby SlushFund Research
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STOCK ActCongressInsider TradingEthicsConflicts
Dark Money2026-05-20

The Koch Network's $400M Dark Money Pipeline

Americans for Prosperity, the JDavis Fund, and a web of LLCs form the largest donor network in American politics. Here's exactly where the money goes.

8 min readby SlushFund Research
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KochDark MoneyAmericans for Prosperity501(c)(4)FEC
Investigation2026-05-20

Five Companies Own the Entire Defense Budget

Lockheed Martin, Raytheon, Northrop Grumman, Boeing, and General Dynamics control 85% of all defense contracts. The congressional oversight problem is structural.

7 min readby SlushFund Research
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DefensePentagonLockheedRaytheonCongress
Trump Trades2026-05-20

Trump's Officials Hold $4B in Government-Adjacent Crypto

From the MSTR trade to stablecoin holdings to NFT royalties, Trump-era officials have found a new asset class that blurs the line between government and personal finance.

6 min readby SlushFund Research
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TrumpCryptoBitcoinStablecoinMSTRSEC
Dark Money2026-05-20

How PACs Donate Without Disclosing Donors

The FEC allows unlimited contributions to 'dark money' groups that don't have to disclose their donors. These seven vehicles make it happen.

6 min readby SlushFund Research
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PACDark MoneyFEC501(c)(4)LLCDISCLOSE Act
Investigation2026-05-20

The AI Gold Rush: How Palantir, Anduril, and Scale AI Are Capturing Federal Spending

AI companies received $11B in federal contracts in the last two years. The companies with the most to gain are also the ones buying congressional stock.

7 min readby SlushFund Research
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AIPalantirAndurilScale AIFederal ContractsCHIPS Act
Insider Trading2026-05-20

Meet the 12 Congress Members Who Bought AI Stock Before the Budget Bill Passed

When the $52B CHIPS Act came up for a vote, 12 members already held positions in the semiconductor companies that would benefit. That's not coincidence.

8 min readby SlushFund Research
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CongressAISemiconductorsCHIPS ActInsider TradingStock Trades
Investigation2026-05-20

Congressman's Brother-in-Law Won a $900M Navy Contract. Here's the Paper Trail.

Federal procurement rules require competitive bidding. Except when they don't. These 7 FAR exceptions swallow 40% of all federal spending.

6 min readby SlushFund Research
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NavyFARNo-Bid ContractsCongressProcurementCorruption
Dark Money2026-05-20

Trump World: How the MAGA Donor Class Built Its Own PAC Infrastructure

America PAC is just the visible top of a much deeper network. Here's the full structure of Trump's political financing apparatus.

6 min readby SlushFund Research
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TrumpAmerica PACDark MoneyMAGAPACMusk
Investigation2026-05-20

The Federal Reserve Bank Presidents Who Traded Before Rate Decisions

Regional Fed presidents are subject to trading restrictions. But the restrictions have so many loopholes that the average trade window contains more movement than a typical quarter on Wall Street.

7 min readby SlushFund Research
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Federal ReserveFOMCInterest RatesEthicsTrading
Investigation2026-05-20

The DOGE Contract Pipeline: How Musk's Companies Won $10B+

While DOGE claimed to cut federal spending, SpaceX, Tesla, and Neuralink affiliates quietly secured over $10 billion in new and renewed federal contracts. Here is the full pipeline.

8 min readby SlushFund Research
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DOGEMuskContractsSpaceXFederal Spending
Insider Trading2026-05-18

Congress Bought the Dip: 10 Members Who Bought Before Major Contract Awards

At least 10 congressional members purchased stock in federal contractors within 30 days before a major contract award was announced. These are not coincidences. They are patterns.

6 min readby SlushFund Research
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CongressInsider TradingFederal ContractorsStock Trades
Dark Money2026-05-15

Follow the Dark Money: Arabella Advisors and the $1.4B Dem Donor Pipeline

Arabella Advisors manages six dark money groups that have moved over $1.4 billion to left-leaning candidates since 2010. The layering is deliberate. The transparency is zero.

10 min readby SlushFund Research
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Dark MoneyArabellaDemocratsPACElections
Trump Trades2026-05-12

Trump Family Stock Trades: $220M in Q1 2026 Alone

OGE Form 278-T disclosures reveal over $220 million in stock transactions by Trump family members and administration insiders during Q1 2026. The timing of these trades is not random.

7 min readby SlushFund Research
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TrumpStock TradesOGE 278-TConflicts
Dark Money2026-05-08

Inside the Koch Network: $1B+ Annual Political Spending Machine

The Koch network is the largest unacknowledged political money operation in America. Americans for Prosperity, the network PAC, and their donor class have shaped every major Republican policy since 2004.

9 min readby SlushFund Research
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KochDark MoneyRepublicansAmericans for Prosperity
Investigation2026-05-05

Palantir's Federal Winning Streek: $3.2B in 18 Months

Palantir has won $3.2 billion in federal contracts since January 2025. Its stock is up 140%. Three members of the oversight committee personally own Palantir stock.

5 min readby SlushFund Research
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PalantirFederal ContractsCongressTech
Dark Money2026-05-14

America PAC: The $250M Musk-Trump Money Pipeline

Elon Musk poured $250M into America PAC in 2024. FEC filings show most of it flowed to firms with Trump and Koch ties — and the original donor is legally undisclosed.

9 min readby SlushFund Research
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America PACMuskDark MoneyFECTrump
Investigation2026-05-11

The Defense Contractors Owning Congress

Five companies control 85% of defense contracts. Six senators and 12 House members on Armed Services committees personally own stock in them. Total value: $45M.

7 min readby SlushFund Research
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DefenseLockheedRaytheonCongressConflicts
Dark Money2026-05-08

Arabella Advisors: The Democrats' Dark Money Machine

Arabella manages six dark money groups that have moved $1.47B since 2010 — including $280M in 2024 alone. The donor layering is deliberate. The transparency is zero.

10 min readby SlushFund Research
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ArabellaDark MoneyDemocratsc4Elections
Investigation2026-05-05

How the Government Learned to Stop Bidding and Love the Contract

38% of federal contracts in FY2024 were awarded without competitive bidding. The 'urgency' exception was used 847 times — 72% of those went to companies whose executives donated to the current administration.

6 min readby SlushFund Research
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No-Bid ContractsFederal SpendingAcquisition ReformFAR

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