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Alex Brandon / AP

Jared Kushner failed to specify his part-ownership of Cadre, a real estate startup also backed by Goldman Sachs, George Soros, Peter Thiel, and Vinod Khosla, as well as loans adding up to at least $1 billion from multiple big banks, per the WSJ's review of government financial disclosure forms.

Why it matters: President Trump's business entanglements have made major news, but this new information indicates that Kushner's potential conflicts of interest could be just as vast.

One visible example: Kushner has been tapped to head the American Technology Council, whose participants may very well include Thiel or Khosla-backed companies.

What's next: Kushner didn't violate disclosure rules by not reporting the loans, but ethics experts did tell the WSJ that they ideally should be made transparent for the public good. And Kushner's lawyer said that his stake in Cadre will be included on a revised disclosure form, but he has "resigned from Cadre's board, assigned his voting rights, and reduced his ownership share."

Go deeper

3 hours ago - Politics & Policy

First look: The LCV's $4M ad buy

A screenshot from a new League of Conservation Voters ad supporting Rep. Stephanie Murphy.

The League of Conservation Voters and Climate Power are aiming another $4 million worth of ads at centrist House Democrats, urging them to support the climate provisions in President Biden’s $3.5 trillion budget reconciliation package, Axios has learned.

Why it matters: Progressive groups are trying to counter the onslaught of conservative money pouring into swing districts. Both sides are trying to define Biden’s Build Back Better Agenda and pressure lawmakers to support — or oppose — the legislation scheduled for a vote in the House this week.

3 hours ago - Politics & Policy

Shutdown Plan B

Illustration: Sarah Grillo/Axios

The Senate will hold a futile vote Monday night — just 72 hours before a potential shutdown — on a House-passed bill to fund the government through Dec. 3 and raise the debt limit.

Why it matters: The bill is going to fail. Period. But then comes Plan B: A "clean" continuing resolution — stripped of language about raising the debt limit — that Democrats spent the past week preparing, Axios is told.

Glenn Youngkin's play: Forever- and Never-Trumpers

Glenn Youngkin in Harrisonburg, Virginia, on Friday. Photo: Win McNamee/Getty Images

Standing on a flatbed hitched to a John Deere tractor in red Rockingham County, Virginia, Glenn Youngkin decried California liberalism and bashed his rival, Terry McAuliffe. He also encouraged early voting. Two words he avoided: Donald Trump.

Driving the news: Youngkin, the Virginia Republican gubernatorial nominee, is mounting a serious challenge to McAuliffe — a former governor and veteran of Democratic politics. Axios caught up with him on Friday in Harrisonburg, Virginia.