Tag #Pelosi

What prompted President Biden's sudden reversal on the issue of congressional stock trading, and what are the immediate implications of this change in stance?

President Biden recently declared that no member of Congress should profit from stock trading while in office, a departure from his previous stance of leaving the matter to lawmakers. This statement follows a bipartisan push for reform and comes amidst criticism of lawmakers, including former House Speaker Nancy Pelosi, for significant stock trading gains. Pelosi's husband, Paul Pelosi, is a wealthy investor, and she herself reported a 65% return on nearly $4 million in stock trades this year.