Latest news with #TheLead
New York Post
11 hours ago
- Politics
- New York Post
Nancy Pelosi gets defensive over insider trading claim: ‘Why do you have to read that?'
Former House Speaker Nancy Pelosi blew up at CNN's Jake Tapper live on air on Wednesday when the broadcaster confronted her about her husband's stock trades and allegations of insider trading. Pelosi, 85, grew defensive when presented with a clip of Trump alleging she grew her fortune 'by having inside information' during an interview on 'The Lead with Jake Tapper.' 'Why do you have to read that?' Pelosi (D-Calif.) scoffed as she gesticulated angrily.
New York Post
12 hours ago
- Business
- New York Post
Nancy Pelosi blows up at Jake Tapper over insider trading allegations
Former House Speaker Nancy Pelosi blew up at CNN's Jake Tapper live on air Wednesday when the broadcaster confronted her about her husband's stock trades and allegations of insider trading. Pelosi, 85, grew testy when presented with a clip of Trump alleging she grew her fortune 'by having inside information' during an interview on 'The Lead with Jake Tapper.' 'Why do you have to read that?' Pelosi (D-Calif.) scoffed as she gesticulated angrily. Advertisement 'We're here to talk about the 60th anniversary of Medicaid. That's what I agreed to come to talk,' she sniped. Tapper noted that he merely 'wanted to give you a chance to respond' to the president's accusations. 'That's ridiculous,' the former House Democratic leader shot back. 'In fact, I very much support the [efforts to] stop the trading of members of Congress.' Advertisement 'Not that I think anybody is doing anything wrong. If they are, they are prosecuted, and they go to jail. But because of the confidence it instills in the American people, don't worry about this.' 4 Nancy Pelosi fumed at questions about her husband's investment activity and accused President Trump of projection. CNN 4 Critics have long raised conflict-of-interest concerns about Nancy Pelosi's family trading. Jack Forbes / NY Post Design Advertisement Concern about congressional stock trading was revived by legislation proposed by Sen. Josh Hawley (R-Mo.) that seeks to ban lawmakers from owning or trading individual stocks. The proposal — dubbed the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act — cleared the Senate Homeland Security and Governmental Affairs Committee in an 8–7 vote with support from Democrats and opposition from Republicans on the panel, except Hawley. Initially, Trump expressed interest in the proposal, but later in the day, he publicly lashed out at Hawley, accusing the Missouri senator of helping Democrats 'target' him. Both Trump and Hawley also singled out Pelosi, with Hawley suggesting she might need to be prosecuted over her husband's trades. Advertisement 4 Nancy Pelosi implied that her husband made 'very obvious' trades. REUTERS Paul Pelosi, the California Democrat's venture capitalist husband, has amassed a fortune through investments he's made over the decades. His estimated net worth is $262 million, according to Quiver Quantitative. Numerous reports have highlighted how Paul Pelosi has made several well-timed trades. 'I have no concern about the obvious investments that have been made over time. I'm not into it. My husband is, but it isn't anything to do with anything insider,' Nancy Pelosi told Tapper. 'But the president has his own exposure, so he's always projecting. He's always projecting, and let's not give him any more time on that, please.' Motivating Trump's turn against Hawley over the PELOSI Act appears to be a provision in the bill that applies the ban to presidents and vice presidents. However, that provision would be grandfathered in, meaning it wouldn't apply to Trump or Vice President JD Vance during the president's second term. 4 President Trump has raised questions about how Nancy Pelosi's husband built his fortune. AP Advertisement Pelosi stressed that she is 'very proud' of her family and ripped into Trump for taking swipes at her husband, who was viciously bludgeoned by a sicko in 2022. 'I'd rather not go into some of my other complaints about him right now, rather talk about the 60th anniversary of Medicaid and Medicare,' she said.
Fox News
16 hours ago
- Politics
- Fox News
Nancy Pelosi erupts when asked by CNN's Jake Tapper about allegations of insider trading
Former House Speaker Nancy Pelosi appeared agitated Wednesday when CNN's Jake Tapper confronted her about insider trading allegations. On "The Lead," Tapper tried to show President Donald Trump's comments earlier that day accusing Pelosi of becoming rich "by having inside information" in stock trading. When he attempted to read Trump's comments after a technical error, she quickly shut him down. "Why do you have to read that?" Pelosi erupted. "We're here to talk about the 60th anniversary of Medicaid. That's what I agreed to come to talk…and what that means in the election." "I wanted to give you a chance to respond," Tapper replied. "He accused you of insider trading. What's your response to that?" "That's ridiculous," Pelosi replied. "In fact, I very much support the stop the trading of members of Congress. Not that I think anybody is doing anything wrong. If they are, they are prosecuted, and they go to jail. But because of the confidence it instills in the American people, don't worry about this." She continued, "But I have no concern about the obvious investments that have been made over time. I'm not into it. My husband is, but it isn't anything to do with anything insider. "But the president has his own exposure, so he's always projecting. He's always projecting, and let's not give him any more time on that, please." Pelosi added that she's "very proud" of her family and called out Trump for allegedly inspiring and mocking the attack against her husband Paul in 2022. "I'd rather not go into some of my other complaints about him right now, rather talk about the 60th anniversary of Medicaid and Medicare," Pelosi concluded. Sen. Josh Hawley's, R-Mo., Honest Act, a bill to ban all members of Congress and their spouses from trading stocks while in office, passed through the Senate Homeland Security and Government Affairs Committee on Wednesday with committee Democrats joining in support. Hawley originally introduced the bill as the PELOSI Act, or the Preventing Elected Leaders from Owning Securities and Investments Act, in April as a sly reference to accusations against Pelosi. He introduced a similar bill in 2023. The PELOSI Act was heavily marked up in the committee process, with the main difference between the two bills being that the Honest Act also bans the president and vice president from making trades while in office. Pelosi has come under fire for alleged insider trading after several reports emerged of her husband trading stock ahead of congressional measures. In 2022, for example, Paul Pelosi traded between $1 million and $5 million of stocks for semiconductors just days before Congress voted on a $52 million subsidy to the industry.
The Hill
a day ago
- Politics
- The Hill
Pelosi: Texas proposed House lines ‘undermining the diversity that we need to have' in Congress
Former House Speaker Nancy Pelosi (D-Calif.) said Wednesday that a set of new House lines proposed by Texas Republicans is 'undermining the diversity that we need to have' in Congress. 'Let me just say that what you just described was the elimination of many minority seats in Texas, and that's unfortunate, because the gerrymandering that they're doing is also undermining the diversity that we need to have in the Congress,' Pelosi told CNN's Jake Tapper on 'The Lead.' On Wednesday, Texas Republicans introduced a suggested set of new House lines, placing their party closer to gaining five seats in 2026. The freshly proposed map will likely mostly directly impact lawmakers situated near or in the Dallas-Fort Worth Area, Austin, Houston and the southern border. Democrats are hungry to regain power in Congress after their losses last November, which have left them debating what caused them to fail in that election. Later in Tapper's show, he interviewed current House Speaker Mike Johnson (R-La.), who said that his party will 'defy history when we grow the majority in the House' in next year's midterm elections. 'We have a solid, hardworking Republican majority in the House right now — and the Senate — we're delivering for the people. And I'm very excited to go out and tell that story,' Johnson told Tapper. 'I'm very excited about the midterm election. You know that we're going to defy history when we grow the majority in the House, because it's only twice in the last 90 years that a sitting president has picked up seats for his party in that first election cycle, but we're going to do it this time,' the Louisiana Republican added.
The Hill
a day ago
- Politics
- The Hill
Johnson: GOP will ‘defy history when we grow the majority in the House'
House Speaker Mike Johnson (R-La.) said Wednesday that his party will 'defy history when we grow the majority in the House' in next year's midterm elections. 'We have a solid, hardworking Republican majority in the House right now — and the Senate — we're delivering for the people. And I'm very excited to go out and tell that story,' Johnson told CNN's Jake Tapper on 'The Lead.' 'I'm very excited about the midterm election. You know that we're going to defy history when we grow the majority in the House, because it's only twice in the last 90 years that a sitting president has picked up seats for his party in that first election cycle, but we're going to do it this time,' the Louisiana Republican added. While Republicans currently hold the House, Senate and White House, Democrats are gunning for the reins of power in the two chambers of Congress after devastating losses in last November's election. On Wednesday, Texas Republicans introduced a proposed group of fresh House lines, placing the party closer to snagging five seats next year. The new suggested map will likely mostly directly impact lawmakers situated close to or in the Dallas-Fort Worth area, Austin, Houston and near the southern border. Democratic strategist James Carville said in an interview earlier this month that President Trump's 'big, beautiful bill' is going to be seen as a 'mass extinction event,' predicting his party will gain over 40 House seats in the 2026 midterms. 'And I like the unified party — every Democrat voted against this. Every Democrat, regardless of the ideology, their ethnicity … we can all rally around this, and we can run on this single issue all the way to 2026. And Paul is right, we're going to pick up more than 40 House seats,' Carville said on CNN's 'Anderson Cooper 360.'
