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THE GLOBAL ECONOMY: China's economy is teetering on the brink of disaster. If the bottom falls out, the whole world could be dragged down by the collapse of its second-largest economy. Now the country needs people to actually use, and pay for, everything that's been built," Insider's Linette Lopez writes. Now the country needs people to actually use, and pay for, everything that's been built," Insider's Linette Lopez writes. Economists expect this ideological shift to slow growth even more, which in turn would make China's attempts to transform its economy that much more precarious.
Persons: Phil Rosen, that's, Insider's Linette Lopez, Morgan Stanley, Xi Jinping, Trump, Read, Xi, Mark Zuckerberg, Frances Haugen, Zuckerberg, Joe Biden, There's, Democratic Sen, Joe Manchin, Mitch McConnell, Olivier Douliery, Here's, Donald Trump, Lori Lightfoot, Dave Chappelle, he's, Chappelle, Winston Churchill Organizations: iOS, Android, Communist Party, European Union, China, Facebook, Washington Post, New York Times, Democratic, DC Marijuana, Getty, Top, Republicans, Associated Press, New York, Police Benevolent Association, Times, Trump, Netflix, CNN, White House Locations: Beijing, China, Xinjiang, Vietnam, AFP, EU, Sudan, York, New York, Chicago
ReutersAnthony Scaramucci compared bitcoin today to Amazon stock in 1999. The SkyBridge Capital boss trumpeted blockchain, Coinbase stock, and Elon Musk. Anthony Scaramucci championed blockchain technology, touted Coinbase stock, and compared bitcoin today to Amazon stock in 1999 in a recent RealVision interview. Here are Scaramucci's 14 best quotes from the interview, lightly edited and condensed for clarity:1. Listen to what this guy is doing, where he's going, and think about SpaceX and the global satellite distribution he's creating.
Persons: Anthony Scaramucci, Reuters Anthony Scaramucci, trumpeted blockchain, Elon Musk, Scaramucci, Sen, Elizabeth Warren, Tesla, They've, I'm, Moses, you've, Warren Buffett, Jeff Bezos, Sears Roebuck, it's, Buffett, Michael Jordan, tov, Jeff Bezoses, Elon Musks, Elon, Bill de Blasio, Kathy Hochul, Joe Biden Organizations: Reuters, SpaceX, Facebook, Elon, Mount, Coinbase, White Locations: Swiss, Mount Everest
The four weeks provision was recently presented as a compromise to the 12 weeks Biden initially proposed. Asked Monday if he had concerns about the paid leave proposal, Manchin said: "I'm concerned about an awful lot of things." Even if Democrats were to settle on four weeks paid parental leave, the U.S. would still lag numerous countries. Fresh opposition to paid family leave, a priority for Biden and progressives, could deal a significant setback to negotiations over the bill. Phil Murphy (D) for offering paid leave in his state, but made little other mention of his own leave proposal.
Persons: Joe Biden's, Sen, Joe Manchin, Biden, Manchin, Arizona Sen, Kyrsten Sinema, Phil Murphy, Joe Biden, Evan Vucci, Chuck Schumer, Schumer, Jim Clyburn Organizations: WASHINGTON, Democrats, Republican, University of California, Democratic, Biden, NJ Transit, NBC News, Republicans, House, Moderate, Rep, West Locations: U.S, Los Angeles, Arizona, New Jersey, Kearny , N.J, Rome, Glasgow, Scotland, Delaware, West Virginia, South Carolina
MINNEAPOLIS — Three weeks before Election Day in the city's municipal races, Candis McKelvy attended a debate about a ballot initiative to replace the Minneapolis Police Department with a Department of Public Safety. That question is on the minds of many Minneapolis residents as they grapple with how to vote Nov. 2 on one of the first major tests of the national police reform movement since George Floyd's death last year. Audience members at a debate Oct. 12 about a ballot initiative to replace the Minneapolis Police Department with a Department of Public Safety. "Right now, it's the only city department that gives exclusive policymaking authority to the mayor," he said. 'I don't want to be another test case'Critics of the Minneapolis measure, however, said it has too many unknowns.
Persons: Candis McKelvy, intently, McKelvy, George Floyd's, Drew Arrieta, interrupters, JaNaé Bates, Jerry McAfee, Floyd, Derek Chauvin, Ilhan Omar, Keith Ellison, Sen, Amy Klobuchar, Tim Walz, Minneapolis Mayor Jacob Frey, Floyd's, Steve Fletcher, I've, Fletcher, Ellison, Chauvin, Let's, Cam Gordon, let's, McAfee, Phillipe Cunningham, Bates, Medaria, Cunningham, Will, Arradondo, Medaria Arradondo, Stephen Maturen, Yasmin Abdi's, Abdi, Janelle Griffith, Jackie Martin, Martin, Adriana Surmak Organizations: MINNEAPOLIS —, Minneapolis Police Department, Department of Public, North High School, Department of Public Safety, NBC, City Council, Supporters, NBC News, New Salem Missionary Baptist Church, Mpls, Minneapolis Police, Rep, Minneapolis Mayor, American Civil Liberties Union of, Minneapolis canvassers, KARE, The Star Tribune, Minnesota Public Radio, Newark —, Justice Department, Star, NBC News Minneapolis, Hennepin County Government Center, Mpls canvassers, Residents Locations: Minneapolis, North Minneapolis, American Civil Liberties Union of Minnesota, New Jersey, Camden, Newark, Minnesota, San Jose, Hennepin County, Twin Cities
A Pinterest logo is seen on a smartphone placed over U.S. dollar banknotes and a 3D printed PayPal logo in this illustration taken October 20, 2021. The latest development is a blow for Pinterest, which is currently grappling with the twin challenges of losing its co-founder Evan Sharp and a slowdown in user growth that has hampered its future prospects. Reuters and other media reported on the deal talks last week. At the time, sources had told Reuters that PayPal had offered $70 per share, mostly in stock, for Pinterest. read moreAs lockdowns have eased globally, Pinterest has warned about slowing user growth, especially in the United States, which accounts for a majority of its user base.
Persons: Dado Ruvic, Evan Sharp, Huang, JP Morgan, Sharp, Ben Silbermann, Paul Sciarra, Jony Ive, Pinterest, Juby Babu, Niket, Shubham Kalia, Sachin Ravikumar, Anirban Sen, Anil D'Silva, Edward Tobin Organizations: REUTERS, PayPal Inc, Pinterest Inc, PayPal, Reuters, Pinterest, LoveFrom, Apple Inc, Microsoft, LinkedIn, Thomson Locations: United States, Bengaluru
WASHINGTON — Democrats in Washington and across the country have been wondering the same thing for months: how they can wear down Sen. Kyrsten Sinema, D-Ariz. Arizona activists took the opposite approach, pursuing Sinema into a bathroom earlier this month to harangue her. Sinema described her own legislative philosophy — and how it changed when she was in the Arizona legislature — in a 2009 book. The challenge for Democratic leaders is not that Sinema is enigmatic or erratic, it's that she is holding firm to positions they don't agree with. But if they can pass Biden's plan in some form, it will not be in spite of Sinema.
Persons: Sen, Kyrsten Sinema, Joe Biden's, Joe Manchin, W.Va . Biden, Sinema, Biden, Ruben Gallego, Sinema —, Republican Sen, John McCain, John LaBombard, LaBombard, , Gallego, Manchin, Chuck Schumer, MSNBC's Jonathan Capehart, Elizabeth Warren, haven’t, Warren Organizations: WASHINGTON, Democrats, White, Democratic, Republican, Arizona, Harvard, Marine Corps, CNN, IRS Locations: Washington, Arizona, Washington and Arizona, Wilmington , Delaware
This assumes Digital World valued its shares in the deal at $10, as is customary for special purpose acquisition companies (SPACs). Spokespeople for Trump Media and Digital World did not immediately respond to requests for comment on the investor reaction to their deal. Many of them found a presentation that Trump Media released last week on its business plan to be voluminous in its aspirations but thin on financial details. Investors bearish on the stock point to failures of other right-wing social media apps such as Parler. SPACs had lost much of their luster with retail investors before the Trump media deal came along.
Persons: Donald Trump, Shannon Stapleton, Anthony Nguyen, Nguyen, ” Nguyen, Trump, Shane Springer, “ Trump, it’s, ” Springer, Spokespeople, Sam Nita, , Nita, , don’t, Randall Crowder, SPACs, Jay Ritter, ” Ritter Organizations: Reuters, U.S, Fairgrounds, REUTERS, Republican, Trump Media & Technology Group, Trump Media, Digital, GameStop Corp, AMC Entertainment Holdings Inc, Bed, Beyond Inc, GameStop, Phunware Inc, Trump, Twitter, Facebook, University of Florida Locations: Lorain, Wellington , Ohio, U.S, Austin , Texas, Norristown , Pennsylvania, Portland
"I'm a climate change activist, and I talk about climate change all the time, but you have to meet people where they are." Some activists have begun to argue that a wider proportion of Americans are amenable to policies that combat climate change if you talk less about "climate change" — because the issue has become so polarized — and more about the specific impact on jobs, the economy and the environment. Instead of climate change, he talks about air quality, forest fires and the impact of decreasing snowpack from warmer winters on ski resorts in his district. It's a message Biden has emphasized at times, too, such as his saying in his joint address to Congress this year, "When I think climate change, I think jobs." Sabine Marx, the director of research for the National Center for Disaster Preparedness at Columbia University's Earth Institute, has described the approach as "leading to" climate change, rather than "leading with" climate change.
Persons: WASHINGTON — Sen, Joe Manchin, Joe Biden's, Benji Backer, Hurricane Ida, Branden Eastwood, Backer, Ron DeSantis, Donald Trump, John Curtis, John Cornyn, Sean McElwee, Biden, Sabine Marx, Jim Justice, Manchin Organizations: Biden, American Conservation Coalition, Democratic Party, Getty, Florida Gov, Republican, Conservative Climate Caucus, National Center for Disaster Preparedness, Earth Institute, Columbia Climate School, Yale, Washington, Trump :, West Virginia Gov, Democrat Locations: Scotland, Manchin, Philadelphia, Hurricane, Utah, Sen, Texas, California, China, America, Columbia, U.S, Manchin's West Virginia, Massachusetts, Trump : Texas , Iowa , Oklahoma, Kansas, West Virginia
The Democrats’ Wealth-Tax Mirage
  + stars: | 2021-10-25 | by ( The Editorial Board | )   time to read: 1 min
Democrats are scrambling to finance their spending bill after Arizona Sen. Kyrsten Sinema shot down their plans to raise corporate and individual income-tax rates. Thank you, Senator. But now Democrats are reaching deep into their grab-bag of revenue tricks and may pull out a wealth tax on “billionaires.”Nancy Pelosi confirmed on CNN’s State of the Union Sunday that the Democrats’ spending bill will probably “have a wealth tax.” Give the Speaker credit for candor. The Biden Administration is pretending that Oregon Sen. Ron Wyden’s plan to tax unrealized capital gains of “billionaires” is something else.
Persons: Arizona Sen, Kyrsten Sinema, ” Nancy Pelosi, Biden, Oregon Sen, Ron Wyden’s Organizations: Union Sunday, candor Locations: Arizona, CNN’s State, Oregon
WASHINGTON—Democrats are considering a new tax on billionaires to help pay for President Biden’s agenda. The tax would help raise money to pay for spending proposals, including expanded child tax credit and climate-change policies. While Mr. Biden didn’t support the idea during the 2020 campaign, he turned to it after a different capital-gains tax change failed to get enough support among some congressional Democrats and after Sen. Kyrsten Sinema (D., Ariz.) objected to other tax-rate increases.
Persons: Biden’s, Biden, Sen, Kyrsten Sinema Organizations: WASHINGTON
Rand Paul claimed Anthony Fauci lied to Congress about US-funded gain of function research in Wuhan. Fauci told George Stephanopoulos on Sunday that he did not lie to Congress about the research. NIH Director Francis Collins said the Wuhan experiments did not involve gain of function. The Washington Post reported last week that NIH Director Francis Collins said the Wuhan experiments did not involve gain of function research. Paul previously made similar claims about gain of function research during a COVID pandemic hearing in July.
Persons: Rand Paul, Anthony Fauci, Fauci, George Stephanopoulos, Francis Collins, Axios, Sen, Joe Biden, Dr, Paul, Lawrence Tabak, Cathy McMorris Rodgers, coronavirus, Stephanopoulos, George Organizations: Service, HBO, Wuhan Institute, Virology, National Institutes of Health, NIH, Washington Post Locations: Wuhan, Ky
Cambodia's Prime Minister Hun Sen speaks with media during a news conference at the Government Office in Hanoi, Vietnam October 4, 2019. REUTERS/KhamPHNOM PENH, Oct 25 (Reuters) - Cambodia's parliament on Monday passed constitutional amendments barring holders of the country's top posts, including prime minister, from being citizens of other countries. Prime Minister Hun Sen had on Oct. 6 ordered the justice ministry to make the changes, which also allow the upper and lower houses speakers, and the head of the constitutional council, to only hold Cambodian citizenship. read moreHe said this was "to show loyalty to the nation and avoid foreign interference". A Reuters Special Report in October 2019 showed family members and key police, business and political associates of Hun Sen had bought foreign nationality via a citizenship for sale arrangement in Cyprus.
Persons: Hun Sen, Heng Samrin, Sam Rainsy, Prak Chan, David Holmes Organizations: Cambodia's, Government, REUTERS, Cambodian, Cambodian National Assembly, National Assembly, Senate, Royal Government, Constitutional Council, Facebook, Guardian, Reuters, Thomson Locations: Hanoi, Vietnam, Kham PHNOM PENH, Kingdom of Cambodia, Cypriot, Cyprus, Paris, Cambodia
This assumes Digital World valued its shares in the deal at $10, as is customary for special purpose acquisition companies (SPACs). Spokespeople for Trump Media and Digital World did not immediately respond to requests for comment on the investor reaction to their deal. "I'm hearing friends who don't even do stocks that want to know how to buy this Trump stock." Investors bearish on the stock point to failures of other right-wing social media apps such as Parler. SPACs had lost much of their luster with retail investors before the Trump media deal came along.
Persons: Donald Trump, Shannon Stapleton, Anthony Nguyen, Nguyen, Trump, Shane Springer, it's, Springer, Spokespeople, Sam Nita, Nita, Randall Crowder, SPACs, Jay Ritter, Ritter, Krystal Hu, Anirban Sen, Greg Roumeliotis, Daniel Wallis Organizations: U.S, Fairgrounds, REUTERS, Republican, Trump Media & Technology Group, Trump Media, Digital, GameStop Corp, AMC Entertainment Holdings Inc, Bed, Beyond Inc, GameStop, Phunware Inc, Trump, Reuters, Twitter, Facebook, University of Florida, Thomson Locations: Lorain, Wellington , Ohio, U.S, Austin , Texas, Norristown , Pennsylvania, Portland, New York, Bangalore
Still, the remnants of pepper spray and tear gas continue to plague some officers each time they put on the same riot gear they wore while retaking the Capitol. An unnamed MPD officer told Insider the fire department "came by, and they literally just hosed down all of our gear." Still, the remnants of pepper spray and tear gas continue to plague some officers each time they put on the same riot gear they wore while retaking the Capitol. Former Treasury Secretary Larry Summers has repeatedly argued the White House is understating the problem and is fueling further inflation. Currently, being fully vaccinated in the US means a person has either both doses of the Pfizer-BioNTech or Moderna vaccine or one dose of the Johnson & Johnson vaccine.
Persons: Phil Rosen, Peter Meijer, Jay Rupert, Rupert, Sen, Ron Johnson, didn't, Johnson, Joe Biden's, State Condoleezza Rice, Rolling Stone, Paul Gosar, Donald Trump, Read, Pelosi, Nancy, Biden, Joe Manchin, Chuck Schumer, Omar al, Bashir, Breitbart, , Joel Kaplan —, Steve Bannon, Kaplan, Janet Yellen, Drew Angerer, Larry Summers, Jae C, Hannah Gutierrez, Reed, Gutierrez, Alec Baldwin's, Baldwin, Halyna Hutchins, Rochelle Walensky, James Michael Tyler, Gunther, Tyler Organizations: iOS, Android, Metropolitan Police Department, Capitol, Lawmakers, Republican, Periodical Press, Pentagon, State, Republican Rep, Washington Post, CNN, Senate, Associated Press, Facebook, Trump White House, New York Times, Daily, for Disease Control, Pfizer, Pew Research Center Locations: Michigan, Wisconsin, Arizona, West Virginia, Delaware, Sudan, Mexico, Santa Fe , New Mexico, Mississippi, South Carolina, Georgia, California, Hollywood
What's happening: The Biden administration wanted to raise the corporate tax rate to 28% from 21%, while Democrats in the House had pitched a 26.5% rate. Yet lawmakers have indicated they're pivoting away from corporate tax hikes due to opposition from Arizona Sen. Kyrsten Sinema, a crucial swing vote. But the apparent move away from corporate tax increases could feed the recent stock market rally. In a note to clients last month, Goldman Sachs warned that potential changes to the corporate tax code could hit profits in 2022. Goldman's Alec Phillips said last Thursday that he thinks Democrats could circle back to raising the corporate tax rate — at least a little.
Persons: Joe Biden's, Biden, Arizona Sen, Kyrsten, Nancy Pelosi, CNN's Jake Tapper, Janet Yellen, Tapper, Goldman Sachs, Nicholas Colas, It's, Goldman's Alec Phillips, Isaac Boltansky, Frances Haugen, Mark Zuckerberg, Haugen, we're, Saudi Arabia's Crown Prince Mohammed bin Salman, Aramco's, Kimberly, Clark Organizations: CNN Business, Bell, CNN, Biden, Dow, DataTrek, Street, Facebook, SEC, Saudi Aramco, Saudi Arabia's Crown, ExxonMobil XOM, Aramco, United Nations, Clark KMB Universal Health, Restaurants Brands Locations: London, Washington, Europe, Arizona, Saudi, Glasgow, Saudi Arabia
Insider interviewed 34 people who lived through that day for an exclusive oral history. A special committee in Congress is also investigating — and demanding that Trump associates and officials testify. That's why Insider embarked over the past several months on an oral history project to document a heart-wrenching and visceral moment in the nation's history. Janitorial staff, journalists, and members of Congress say they still wrestle with memories of that day. Check out the full January 6 oral history here.
Persons: Andy Kim, Sen, Tammy Duckworth, Alan Chin, Joe Biden's, Donald Trump, Organizations: Service, New, New Jersey Democrat, Metropolitan Police Department, Boys, Capitol, Trump, Capitol Hill, Metropolitan Police, MPD Locations: New Jersey, Afghanistan
Sen. Elizabeth Warren introduced a bill to reform the private equity industry. Private equity firms typically focus on hypergrowth, but can still profit if companies go bankrupt. Private equity firms are, as the name suggests, privately owned by a limited group of investors or directors. Even if they push the company into bankruptcy, the private equity firm can still make money by selling off the company's parts. Warren explained during last week's hearing how private equity firms have such a strong hold over the economy, stressing the urgency for reform.
Persons: Sen, Elizabeth Warren, Massachusetts Sen, that's, Warren, Vermont Sen, Bernie Sanders Organizations: Service Locations: Massachusetts, Vermont
Democratic leaders in the Senate say they're ready to overhaul US marijuana laws. Lobbyists are eager to shape regulations, taxes, and other reforms. Here's Insider's list of top lobbyists influencing Capitol Hill on the issue. Many Republicans have even told Insider they're eager to vote in favor of a bill that would help more cannabis businesses access banks rather than continue to have them rely solely on cash. That's why Insider has profiled the top lobbyists on the issue.
Persons: Chuck Schumer, Democratic Sens, Cory Booker of, Ron Wyden, they're, We've, Kimberly, Yeji Organizations: Capitol, Democratic, Republicans, Wall Locations: Cory Booker of New Jersey, Oregon
Democrats are inching toward new targeted taxes on billionaires to pay for their safety net expansion. "We probably will have a wealth tax," Nancy Pelosi said on Sunday. They're rushing to wrap up talks with holdouts Manchin and Sinema, who are demanding smaller spending plans. The concept bears a strong similarity to the wealth tax that Sen. Elizabeth Warren of Massachusetts popularized during the 2020 presidential campaign. Democrats are rushing to wrap up talks on their social spending plan aimed at renewing the bulked-up child tax credit, provide housing assistance, fight the climate emergency, and expand access to healthcare.
Persons: Nancy Pelosi, holdouts Manchin, CNN's, Pelosi, Sen, Ron Wyden, they're, Elizabeth Warren of, Leon Cooperman, Warren's, Joe Manchin, Kyrsten, centrists, Joe Biden's, Biden, Donald Trump's, Sinema, God Organizations: Service, Senate Finance, Democrats, Washington DC Locations: Oregon, Elizabeth Warren of Massachusetts, Sens, West Virginia, Arizona, New Jersey, Glasgow
GOP Sen. Roy Blunt said Trump should focus on the future rather than the past. "The best thing that President Trump could do to help us win majorities in 2022 is talk about the future." "Better off to talk about the future than to focus on the past in every election," Blunt, the No. "But again I think what President Trump could do that would be most helpful right now would be focus on the policies that aren't working. His policies at the border were working, his regulatory policies were working, his tax policies were working.
Persons: Sen, Roy Blunt, Trump, Republican Sen, Donald Trump's, Blunt, Joe Biden, Trump's, Biden, He's, Mitch McConnell, McConnell Organizations: Service, Republican, Sunday, Missouri Republican, NBC, GOP, Republicans, NBC News, Trump Locations: State, Arizona
On Jan. 6, senators were evacuated together from the Senate chamber to an undisclosed secure location. But Sen. Angus King, citing COVID, left the location and opted to hide in his office instead. "The hell I am," Angus told the officer before leaving and going to his own office in the Hart Senate Office Building. King wasn't the only lawmaker who was in his office rather than the secure location. Rep. Pramila Jayapal later tested positive for COVID-19, blaming the unmasked Republicans for creating a "superspreader event on top of a domestic terrorist attack."
Persons: Sen, Angus King, COVID, King's, , King, I'm, Angus, King wasn't, Tammy Duckworth, Marco Rubio, Carolyn Maloney, Russell, Rubio, Lisa Blunt Rochester, Marjorie Taylor Greene, Andy Biggs, Scott Perry, Michael Cloud, Markwayne Mullin, Pramila Jayapal, Lou Correa, Adriano Espaillat, Brad Schneider, Bonnie Watson Coleman Organizations: Service, Capitol Hill, Capitol, Russell Senate, Punchbowl Locations: Maine, Hart
Private equity and hedge funds accounted for over $625 million in political spending during the cycle leading up to the 2020 election, with the lion's share going to campaign contributions, according to new research. The study tallied the total spent on campaign contributions and lobbying during the 2020 cycle from both individuals and political action committees linked to various funds. Private equity spent much more on lobbying ($70 million) than hedge funds did ($8.5 million), the research shows. Spending was more evenly split when it came to campaign contributions. More than $262 million came from those in the private equity sector, while over $285 million came from the hedge fund world.
Persons: Elizabeth Warren, Ricardo Valadez, Joe Biden's, Donald Trump Organizations: New York Stock Exchange, Financial Reform, CNBC, Democratic, AFL, NAACP, Wall Street, Center for Responsive Politics, Citadel, Blackstone, Susquehanna International, Cerberus, Apollo Global, Carlyle Group Locations: New York, Sen, AFR, Wall
Mulligan told Insider that Gazellee factored in the others stranded along with the lawmakers. Because they're gonna keep you safe,'" she told Insider. "We encountered bewildered Architect of the Capitol staff, food-service contractors, who had no idea what was happening," Tully-McManus said. A Senate janitorial worker told Insider he was all by himself, not knowing exactly what was going on or where to hide. "Capitol Police's job really is not to protect us."
Persons: Laura Lytle, John Mulligan, Tom Williams, Mulligan, Mark Gazelle barked, Lytle, Katherine Tully, McManus, wasn't, Tully, Sen, Cory Booker, they're, Cory Booker my, Dick Durbin Organizations: Staff, Capitol Police, Capitol, Trump, Congressional, Senate Daily Press, Daily Press, Inc, Getty Locations: New Jersey
A growing number of colleges are removing student loans from financial aid packages, offering grants instead. Only a small number of schools have taken those steps as the student debt crisis continues to grow. So we went to our alumni and said: 'We want to start taking away student loans.'" Many borrowers are still trapped with student debt for decades after graduating, with some fearing they will die with their loans. "Cancelling $50,000 in student debt would completely wipe out student loans for 84% of borrowers, including more than 3 million borrowers who have been repaying their loans for more than 20 years," Warren told Insider.
Persons: Brian Casey, Kathleen McCartney, Joe, Biden, Massachusetts Sen, Elizabeth Warren, Warren Organizations: Colgate University, Service, Colgate, Yahoo Finance, Smith, Princeton, Amherst, Harvard, Yale Locations: New York, Massachusetts, Smith
AP Photo/Susan WalshUS judges face tighter stock-trading rules under proposed legislation in Washington, the Wall Street Journal reported Monday. The proposals include requiring judges to report stock trades of more than $1,000 within 45 days. The bills follow a WSJ investigation showing judges violated laws related to stock holding while hearing court cases. A bipartisan group of lawmakers will introduce legislation aimed at tightening rules on stock trading for federal judges, according to The Wall Street Journal. The proposed legislation comes after the Federal Reserve said last week it will ban policymakers from buying individual stocks, making that move following controversial equity holdings by two regional presidents who have already stepped down.
Persons: Sen, John Cornyn, Susan Walsh, Lawmakers Organizations: Capitol, AP, Wall Street, Wall Street Journal, Republican, Federal Reserve Locations: Texas, Washington
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