Today President Obama will sign the STOCK Act — short for “Stop Trading On Congressional Knowledge.” It says Capitol Hill finally has to follow the same insider trading rules as everybody else.
Washington leaders have passed a bill that bans members of Congress from trading stocks based on non-public information, and President Obama says he will sign it.
The Senate is likely to pass an extension of the federal transportation spending bill this week. But it will only fund highway and transit projects for two years. Most generally take five years.
In the midst of debates that could potentially tighten the rules on insider trading in Washington, the head of the House Financial Services Committee faces serious allegations.
Republicans in the House of Representatives have introduced their version of an anti-insider trading bill. The version that passed the Senate had provisions that focused specifically on those who traffic in 'political intelligence.'
The government was set to impose new rules limiting the work kids are allowed to do on farms, but those rules are being reconsidered after an outcry from farmers.
Following his State of the Union address yesterday that focused on job growth, the president heads to Arizona today. We talk to a congressman there about what the president's speech and visit mean for him.
