“Bloomberg’s contribution appears to rely on the campaign finance loophole allowing campaigns to transfer unlimited funds to party committees in an election year.
As an individual, Bloomberg is only allowed to contribute approximately $35,000 a year to the DNC. But he can transfer unlimited money to his own campaign, which in turn can transfer an unlimited amount of funding to the party.”
“As part of an overall plan to divert $3.8 billion from the Pentagon to pay for the construction of a wall on the border with Mexico, President Donald Trump is planning to drain about $1.6 billion from the slush fund that pays for much of America’s post-9/11 wars in the Middle East.
Foreign Policy’s Lara Seligman reports that the White House sent a memo to Congress on Thursday outlining plans to redirect military spending for the border wall. The administration plans to move $2.2 billion originally earmarked for purchasing vehicles, ships, and aircraft into an anti-drug trafficking program that has already been tapped to provide for wall construction costs. The other $1.6 billion in border wall funding will come from the budget used to pay for America’s foreign wars”