Trump says he would ‘absolutely' sign ban on congressional stock trading
'Well, I watched Nancy Pelosi get rich through insider information, and I would be okay with it. If they send that to me, I would do it,' Trump told Time Magazine in an interview conducted Tuesday around his first 100 days in office.
Asked if he would sign such a bill, Trump replied, 'Absolutely.'
Former Speaker Nancy Pelosi (D-Calif.) dropped her opposition to legislation banning members of Congress from trading stocks in 2022. Her husband, Paul Pelosi, is an investor who has made significant money off of stock trades.
Republicans have also come under scrutiny in recent weeks for their stock trading habits, prompting allegations from Democrats that the president has manipulated the market to benefit his allies.
Rep. Marjorie Taylor Greene (R-Ga.), a staunch Trump ally, purchased tens of thousands of dollars' worth of stock the day before the president announced he was pausing sweeping tariffs for 90 days, a move that caused the market to surge.
Greene has previously said she relies on a financial adviser to make trades on her behalf.
A ban on congressional stock trading has garnered bipartisan support over the years, though never enough to pass both chambers of Congress.
The biggest action on the issue came last year when the Senate Homeland Security and Government Affairs Committee advanced the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act, which would ban members of Congress, their spouses and dependent children from trading stocks.
It did not pass the full Senate, which has since flipped from Democratic to Republican control.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
Humboldt farmer Kyle Larsen launches 4th District congressional campaign
Third-generation farmer and land appraiser Kyle Larsen has launched a campaign for Iowa's 4th Congressional District with a platform focused on "faith, family and farm." Larsen said in a statement he's running to give a voice to hardworking Iowans. "They deserve someone in Congress who has experienced life the way they have,' Larsen said. 'Our family farms are hurting, and our rural way of life is being threatened by elites in Washington who think they know better. For too long, career politicians have been thinking only about themselves and how they can win the next election, not what's best for the country, or what's best for you. Well, enough is enough. This farmer is running for Congress so rural Iowa doesn't lose our treasured family farms or our way of life.' Larsen lives in Humboldt with his wife, Abby, and their two daughters. He earned a bachelor's degree in animal science at Iowa State University before returning to Humboldt to run his own pig and row crop operation. Larsen has also served as president of the Humboldt County Farm Bureau Board. He said he will prioritize serving on the U.S. House Agriculture Committee and "ensure that Iowa farmers have a real voice in Congress.' "Whether it's the Farm Bill, trade, eliminating harmful death and estate taxes, or combatting ill-informed activists and social media 'influencers,' these issues need attention, and it's why I am running," he said in a statement. The seat is expected to be open in 2026 as current Republican U.S. Rep. Randy Feenstra eyes a gubernatorial run. It is the most heavily Republican district in the state, and the GOP primary race will very likely determine who will be elected to Congress. It has already attracted two other Republican contenders: Siouxland Chamber of Commerce President Chris McGowan and Iowa House Majority Leader Matt Windschitl have launched campaigns. Democrat Ashley WolfTornabane has also launched a campaign. Brianne Pfannenstiel is the chief politics reporter for the Des Moines Register. Reach her at bpfann@ or 515-284-8244. Follow her on X at @brianneDMR. This article originally appeared on Des Moines Register: Humboldt farmer Kyle Larsen forms Iowa 4th District 2026 campaign
New York Times
22 minutes ago
- New York Times
What's Going on With Trump Media's Streaming Service?
In the streaming era, incremental news from a tiny upstart with limited content, few bells and whistles, and zero original programming normally wouldn't command too much attention. Unless the majority owner of that upstart is President Trump. Truth+, the little-known, year-old video streaming service started by Trump Media & Technology Group, said last week that it had expanded globally. The announcement helped generate enough buzz to bump up the price of the holding company's sagging stock, at least for now. It also provoked a question: What is Truth+, anyway? It promises 'non-woke' news and entertainment. Trump Media and Technology Group, a publicly traded company, announced plans in late 2021 to introduce a video-on-demand service called TMTG+. The company said the service would focus on 'non-woke' entertainment. In press materials, the company cast TMTG+ as a direct competitor to Netflix, Disney+ and Hulu. Nothing more was said about it until April 2024, when Trump Media's president and chief executive, the former Republican representative Devin Nunes, said it 'had finished the research and development phase of its new live TV streaming platform' and would soon begin rolling it out. 'We aim to provide a permanent home for high-quality news and entertainment that face discrimination by other channels and content delivery services,' Mr. Nunes said. The service, renamed Truth+, formally debuted last August. It was first accessible through the Truth Social website or app, and stand-alone Truth+ apps for Android and iPhone dropped a few months later. Want all of The Times? Subscribe.
Yahoo
24 minutes ago
- Yahoo
Fed's Powell asks for inspector general review of project criticized by Trump officials
By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell has asked the U.S. central bank's inspector general to review the costs involved in the renovation of its historic headquarters in Washington, as Trump administration officials intensify their criticism of how the Fed is being run. The request to Fed Inspector General Michael Horowitz, first reported by Axios, was made over the weekend, according to a source familiar with the matter. It follows a letter to Powell last week from Office of Management and Budget Director Russell Vought, who wrote that President Donald Trump was "extremely troubled" by cost overruns in the $2.5 billion project. In material posted to its website on Friday, the Fed described the challenges in a complete rehabilitation of the nearly 100-year-old Marriner S. Eccles building and a neighboring property on Constitution Avenue in the nation's capital. OMB has no oversight over the Fed, which funds its own operations separately from the appropriations process in Congress. The Federal Reserve Act also gives the central bank's seven-member Board of Governors control over its building and related projects, with oversight by Congress and the Fed's independent IG, which has been reviewing the renovations throughout the process. But Vought's criticism marked an escalation by the Trump administration against Powell and the Fed more broadly. Trump has been angry over the central bank's refusal to cut interest rates on his timetable. Fed officials, however, have resisted cutting rates until there is clarity on whether Trump's tariffs on U.S. trading partners reignite inflation. Trump has said Powell should resign, but the president does not have the power to fire him over a monetary policy dispute. Powell, who was nominated by Trump in late 2017 to lead the Fed and then nominated for a second term by then-President Joe Biden four years later, has said he intends to serve out his term as Fed chief, which ends on May 15. A list of "frequently asked questions" about the project, posted by the Fed on Friday included several raised by Vought and also addressed by Powell during a recent hearing in Congress, when the Fed chief clarified, for example, that contrary to some press reports there were no private elevators being installed to carry Fed officials to a private dining room. The Eccles building, the Fed's main headquarters, was built during former President Franklin Delano Roosevelt's administration. The neighboring site at 1951 Constitution Avenue, which dates to the administration of Roosevelt's predecessor, Herbert Hoover, had been used by a number of agencies before being turned over to the Fed in 2018 by the first Trump administration "enabling them to renovate this historic property," Trump's General Services Administration said in a press release at the time. "This transfer will put a vacant building back in productive use, allow the Federal Reserve Board to consolidate several leases and result in savings for taxpayers," it said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
