Lobbying firms with ties to President Biden and his administration are thriving, with some doubling and quadrupling their lobbying revenues from last year, disclosure filings show -- but overall lobbying revenues haven't increased much over the last year.
ABC News' Cecilia Vega is at the conference in Glasgow discussing President Joe Biden’s remarks on the world stage as he attempts to rally global support for climate action.Lobbying firms with ties to President Joe Biden and his administration are thriving, with some doubling and quadrupling their lobbying revenues from last year, disclosure filings show -- but overall lobbying revenues haven't increased much over the last year.
The lobbying firm run by the brother of Biden White House Counselor Steve Ricchetti nearly quadrupled its lobbying revenues in the first three quarters of this year from what it brought in during the same period last year. The firm reported more than $2.4 million in revenues from January through September of 2021, compared to just $635,000 through September of last year, filings show.
Jeff Ricchetti, who is now the only registered lobbyist for Ricchetti Inc, did not respond to ABC News' request for comment. Earlier this year, a source close to Steve Ricchetti told ABC News that Jeff Ricchetti"has never and will never lobby his brother on behalf of any of his clients" and that"Steve and Jeff keep their professional activities distinctly separate."
Although many firms with connections to the Biden White House have been thriving, lobbying revenues overall are relatively flat compared to last year. Overall spending on lobbying has only increased by 3% so far this year compared to the same period in 2020, the final year of Donald Trump's presidency.
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