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Companies Giving Up on Lobbying?
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Description
FBN’s Gerri Willis on companies cutting their budgets for lobbying Capitol Hill.
- Duration 0:43
- Date Jul 23, 2012
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Transcript
This transcript is automatically generated
-- surprising news proof that nobody expects our do nothing congress to get anything done before the election in November.
Companies are giving up.
On -- -- -- -- telecoms pharmaceuticals energy companies all are cutting their budgets for convincing lawmakers to write favorable legislation.
Sitting K street particularly hard these lobby -- lobbyists are used to double digit growth but many firms report dropping revenue.
AT&T cut its lobbying spending in half last quarter from over seven million dollars under three and a half Exxon dropped from over four million spent on lobbying to under three million.
On the other hand I'm glad special interest groups are losing their sway in Washington but it's too bad because congress is now only -- in one thing reelection that's -- two.
