BMorning Briefing. The first Muslim in the U.S. Senate just launched a PAC called Habibi — and the campaign finance fight is already on.
BHabibi? He used that in his victory speech. It means my dear.
BAl Jazeera English posted on X that Abdul El-Sayed registered the Habibi PAC with the Federal Election Commission days after winning Michigan's open Senate seat.
BHistoric win. But a leadership PAC named Habibi... here we go.
BHere we go is right. He campaigned on getting money out of politics. Record midterm spending hit billions of dollars. Then he files PAC paperwork days later.
BHold on. A leadership PAC isn't automatically a slush fund. It's how a new senator helps other candidates.
BIssue One's money-in-politics director literally says these vehicles are routinely criticized as slush funds.
BBut he also says the money goes to allies and low-profile or competitive candidates. That's the point.
BThe point is he said the many can win over money. Then he starts a PAC. That's a bad look.
BShow me a rule he broke.
BIt's not about breaking a rule! It's about doing the thing you said was corrupting politics.
BNo, no—he criticized the system, but he still has to play in it to win anything.
BSo the slogan was just a slogan?
BMaybe, but what's he supposed to do? Unilaterally disarm while the other side raises millions?
BI'm not saying no PAC forever. I'm saying maybe don't launch it before the confetti's swept up.
BIf he waits, he loses influence. Leadership PAC dollars are how you get clout with colleagues.
BAnd that's exactly the problem! We describe clout as legal bribery with extra steps.
BIt's not bribery. It's disclosed, limited, and tracked by the FEC.
BDisclosed doesn't mean good. It means we can watch it happen.
BAnd that's better than the alternative.
BTell that to the people who heard 'the many can win.'
BI think they'd point out he won. And now he's building power.
BPower to do what? Name PACs after Arabic pet names?
BI mean, compared to PACStreet Boy and WheelPAC, Habibi is solid.
BWait, PACStreet Boy? That's real?
BWashington Sun says newly elected Democrats have a whole pun PAC wave.
BOkay, the names are not the issue. The issue is the machine he ran against.
BRight, and I'll wait to see how he uses it. If it's all travel and perks, I'll join you.
BI can live with that. Habibi PAC it is.
BIt'll raise money. That's the one thing I'm sure of.
BSpeaking of money moving around, Al Jazeera English is reporting on X the U.S. sanctioned eight Canadian currency-exchange businesses.
BAccused of helping Iranian entities get around financial sanctions.
BNo official Treasury statement yet, so treat it as a report, not confirmed.
BIf true, that's a big escalation—going after third-country exchange shops.
BIt fits the maximum-pressure approach. Canada's not the target, but the businesses are.
BIran uses these small exchangers to move money under the radar.
BAnd when sanctions bite, they try new routes.
BThis would be the administration saying no route's too small.
BWe'll keep an eye on the Treasury list.
BYeah, that's the kind of thing Treasury announces quietly.
BAnd suddenly eight Canadian businesses make the news.
BRight.
BDifferent world entirely: The Wall Street Journal is out with a love letter to the Cheesecake Factory.
BA love letter? It's kitschy, gaudy and over-the-top—that's their words.
BAnd they say that's why it's such a juggernaut.
BThey're not wrong. No one goes there for quiet minimalism.
BYou go there for a menu thicker than a novel and food that covers the table.
BI once ordered an appetizer and it needed its own zip code.
BThat's the business model: abundance as identity.
BAnd somehow it works. Even in a rough restaurant economy, Cheesecake Factory just does its thing.
BExpensive, yes, but people keep showing up.
BThe brown bread alone has a fan club.
BDon't start. We'll get listener mail.
BNow I want cheesecake at 7 a.m.