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Leavitt read out loud a list of trades made by Pelosi and her husband, Paul Pelosi, that she said beat out Warren Buffett and every hedge fund on Wall Street.<\/p>\n
\u201cThe president has spoken to Senator Hawley, who called him, and the president took that call,\u201d Leavitt said. \u201cAs the president said in the Roosevelt Room yesterday, conceptually, he of course supports the idea of ensuring that members of Congress and United States senators who are here for public service cannot enrich themselves.\u201d<\/p>\n
She didn\u2019t hold back when naming names.<\/p>\n
\u201cAnd the reason that this idea\u2014to put a ban on stock trading for members of Congress\u2014is even a thing is because of Nancy Pelosi,\u201d Leavitt said. \u201cI mean, she is rightfully criticized because she makes, I think, $174,000 a year, yet she has a net worth of approximately $413 million.\u201d<\/p>\n
\u201cIn 2024, Nancy Pelosi\u2019s stock portfolio\u2014this was a fascinating statistic to me\u2014grew 70% in one year, and her portfolio outperformed every single large hedge fund in that same year, and even more than doubled the returns of Warren Buffett\u2019s Berkshire Hathaway.\u201d<\/p>\n
Leavitt said the president supports the public\u2019s outrage.<\/p>\n
\u201cSo I think the president stands with the American people on this. He doesn\u2019t want to see people like Nancy Pelosi enriching themselves off of public service and ripping off their constituents in the process.\u201d<\/p>\n
\u201cAs for the mechanics of the legislation and how it will move forward,\u201d she added, \u201cthe White House continues to be in discussions with our friends on Capitol Hill.\u201d<\/p>\n
This came after Sen. Josh Hawley, R-Missouri, found himself on the receiving end of a harsh social media post by President Donald Trump.<\/p>\n
Hawley is sponsoring a bill to ban members of Congress from being able to trade individual stocks. An amendment to the bill would have carved out an exemption to allow the president to engage in stock trading, but Hawley joined Senate Democrats in voting \u201cno.\u201d That prompted Trump to blast Hawley on Truth Social, calling him a \u201csecond-tier Senator.\u201d<\/p>\n
Hawley described the situation as a misunderstanding, telling Fox News that the bill exempts President Trump and Vice President Vance. The language instead bans future presidents from trading stock.<\/p>\n
Republicans also attempted to add language that would have required a report on stock trades made by former Speaker Pelosi and her husband, but Senate Democrats and Republican Hawley teamed up and defeated the move.<\/p>\n
In an interview with reporters on Tuesday, Hawley said that the legislation has the support of House Speaker Mike Johnson (R-La.), many Republicans, and even some Democrats. He also said Johnson told him President Donald Trump supported the original bill titled Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act.<\/p>\n
\u201cMembers of Congress should be fighting for the people they were elected to serve\u2014not day trading at the expense of their constituents,\u201d stated Hawley in April when he originally introduced the bill. \u201cAmericans have seen politician after politician turn a profit using information not available to the general public. It\u2019s time we ban all members of Congress from trading and holding stocks and restore Americans\u2019 trust in our nation\u2019s legislative body.\u201d<\/p>\n
The PELOSI Act would prohibit members of Congress and their spouses from buying, selling, or holding individual stocks while serving in office. Instead, lawmakers would be permitted to invest in diversified mutual funds, exchange-traded funds (ETFs), or U.S. Treasury bonds.<\/p>\n
Police in Florida were left stunned after a bizarre chase in which a man opened fire on a garbage truck as it drove through the city.<\/p>\n\n