President Joe Biden has endorsed a ban on congressional stock trading in an interview that’s being released this week. It's the first time he's publicly backed the idea. He made the comments to Faiz Shakir, a political adviser for Sen. Bernie Sanders.
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President Joe Biden speaks during a Hanukkah reception in the East Room of the White House in Washington, Monday, Dec. 16, 2024. endorsed a ban on congressional stock trading in an interview that’s being released this week, belatedly weighing in on an issue that has been debated on Capitol Hill for years.
“Nobody in the Congress should be able to make money in the stock market while they’re in the Congress,” Biden said., and published by A More Perfect Union, a pro-labor advocacy and journalism organization. The Associated Press reviewed a video of the interview before its release.The Democratic president spoke to Shakir about his economic legacy, which includes supporting unions, investing in clean energy projects and signing infrastructure.
Shakir said he admired Biden for having not “gone in early on Google, and Boeing, and Microsoft, and Nvidia, and, you know, Amazon” while he was a U.S. senator from Delaware, a position he held for 36 years.“I don’t know how you look your constituents in the eye and know, because the job they gave you, gave you an inside track to make more money,” he said. “I think we should be changing the law.
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