Friday, April 19, 2024
Street Wise Politics
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Long time Democratic power broker Tony Podesta has earned $1 million over the past half year lobbying the Biden White House at the behest of a blacklisted Chinese tech giant, recent federal disclosures show. Huawei, which was placed under trade sanctions during the Trump administration, paid Podesta $500,000 in the fourth quarter of 2021 in an attempt to shake off the trade impact of the restrictions, according to the disclosure form filed on the evening of Jan. 20.
With the $500,000 Podesta made from the previous three months lobbying the White House, he has been compensated $1 million over a six-month period for the lobbying effort. Podesta’s latest lobbying campaign targeted the Executive Office of the President and centered around “telecommunications services and impacted trade issues,” the disclosure said. Huawei, once the world’s largest telecom makers, has been facing international scrutiny in recent years. U.S. authorities have flagged the China-based …

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