Feds paid $40M to firms tied to McCaskill's spouse

Oct 9, 2012

Businesses affiliated with the husband of Missouri Sen. Claire McCaskill have received almost $40 million of federal subsidies for low-income housing developments during her first five years in office.

McCaskill's Republican challenger, Todd Akin, claims the payments represent a "conflict of interest and a breach of trust" with voters. The Democratic senator's campaign says that is "flat-out wrong."

McCaskill's financial reports show her husband, Joseph Shepard, earned between $400,000 and $2.6 million in income from the businesses that received federal payments from 2007 through 20011.

McCaskill voted for some, but not all, of the bills that funded the federal housing and agriculture departments, which provide the housing subsidies. McCaskill's campaign says many of those housing contracts existed before McCaskill was elected in 2006, or before Shepard invested in them.