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		<title>Biden backs calls to ban congressional stock trading</title>
		<link>https://eznews.xyz/world-news/biden-backs-calls-to-ban-congressional-stock-trading/</link>
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		<pubDate>Wed, 18 Dec 2024 00:52:15 +0000</pubDate>
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					<description><![CDATA[President Joe Biden lent his voice to growing bipartisan calls on the Hill to end stock trading for congressional members on Tuesday. &#8220;I don&#8217;t know how you look your constituents in the eye and know because of the job they gave you, gave you an inside track to make more money,&#8221; Biden said during an [&#8230;]]]></description>
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<p class="EkqkG IGXmU nlgHS yuUao MvWXB TjIXL aGjvy ebVHC ">President Joe Biden lent his voice to growing bipartisan calls on the Hill to end stock trading for congressional members on Tuesday.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">&#8220;I don&#8217;t know how you look your constituents in the eye and know because of the job they gave you, gave you an inside track to make more money,&#8221; Biden said during an interview with the left-leaning non-profit news organization, A More Perfect Union. &#8220;I think we should be changing the law.&#8221;</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">&#8220;Nobody in the Congress should be able to make money in the stock market while they&#8217;re in the Congress,&#8221; Biden told host Faiz Shakir, a political adviser for Sen. Bernie Sanders.</p>
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<div class="FvQLF iLTd NqeUA UzzHi iWsMV "><picture class="lazyload"><source media="(max-width: 414px)" data-srcset="https://i.abcnewsfe.com/a/902681a1-edce-44ab-9fb8-fc291bea8d44/reception-biden-hanukkah-ap-lv-241216-2_1734401149244_hpMain.jpg?w=375, https://i.abcnewsfe.com/a/902681a1-edce-44ab-9fb8-fc291bea8d44/reception-biden-hanukkah-ap-lv-241216-2_1734401149244_hpMain.jpg?w=750 2x"><source media="(min-width: 415px)" data-srcset="https://i.abcnewsfe.com/a/902681a1-edce-44ab-9fb8-fc291bea8d44/reception-biden-hanukkah-ap-lv-241216-2_1734401149244_hpMain.jpg?w=750, https://i.abcnewsfe.com/a/902681a1-edce-44ab-9fb8-fc291bea8d44/reception-biden-hanukkah-ap-lv-241216-2_1734401149244_hpMain.jpg?w=1500 2x"></picture></div>
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<div class="nMMea bNYiy Mjgpa dGwha DDmxa jgKNG RGHCC aBIU PriDW lZur " data-testid="prism-caption">
<p><span class="hsDdd OOSI GpQCA lZur VlFaz " data-testid="prism-truncate"><span><span class="gtOSm FbbUW tUtYa vOCwz EQwFq yCufu eEak Qmvg nyTIa SRXVc vzLa jgBfc WXDas CiUCW kqbG zrdEG txGfn ygKVe BbezD UOtxr CVfpq xijV soGRS XgdC sEIlf daWqJ ">President Joe Biden speaks during a Hanukkah reception in the East Room of the White House in Washington, Dec. 16, 2024.</span></span></span></p>
<p><span class="gtOSm FbbUW tUtYa vOCwz EQwFq yCufu eEak Qmvg nyTIa SRXVc vzLa jgBfc WXDas CiUCW kqbG zrdEG txGfn ygKVe BbezD UOtxr CVfpq xijV soGRS XgdC sEIlf daWqJ YNujN JGtjI aZFDu rkKLh ">Rod Lamkey/AP</span></p>
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<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">In July, a bipartisan group of Senators &#8212; Democrats Jon Ossoff, Gary Peters and Jeff Merkle, along with Republican Josh Hawley &#8212; introduced <a class="zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE " data-testid="prism-linkbase" href="https://abcnews.go.com/Business/senators-reach-bipartisan-deal-ban-stock-trading-lawmakers/story?id=111805740" target="_blank">legislation</a> that would ban members of Congress from selling and buying individual stocks. This legislation would also apply to Senators&#8217; spouses and dependents. Similar bills have also been introduced in the House.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Earlier in his presidency, Biden declined to take a position on members of Congress owning stock — which was particularly controversial as lawmakers made money on the pandemic.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">During the interview, Biden went after corporate greed.</p>
<div class="oLzSq QrHMO fnRUo pvsTF EhJPu vPlOC zNYgW OsTsW RMeqy daRVX ISNQ sKyCY eRftA acPPc MENS nFwaT MCnQE mEeeY SmBjI xegrY rPLsU iulOd NIuqO zzscu lzDCc aHUBM IEgzD OjMNy eQqcx SVqKB GQmdz jaoD VWDdR ONJdw vrZxD OnRTz gbbfF roDbV GPGwb oMlSS gfNzt oJhud eXZcf zhVlX ">
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<div class="FvQLF iLTd NqeUA UzzHi iWsMV "><picture class="lazyload"><source media="(max-width: 414px)" data-srcset="https://i.abcnewsfe.com/a/aff14f26-155d-437b-9287-52c37e40f457/biden-labor-ap-lv-241217_1734480973829_hpMain.jpg?w=375, https://i.abcnewsfe.com/a/aff14f26-155d-437b-9287-52c37e40f457/biden-labor-ap-lv-241217_1734480973829_hpMain.jpg?w=750 2x"><source media="(min-width: 415px)" data-srcset="https://i.abcnewsfe.com/a/aff14f26-155d-437b-9287-52c37e40f457/biden-labor-ap-lv-241217_1734480973829_hpMain.jpg?w=750, https://i.abcnewsfe.com/a/aff14f26-155d-437b-9287-52c37e40f457/biden-labor-ap-lv-241217_1734480973829_hpMain.jpg?w=1500 2x"><img decoding="async" alt="" class="hsDdd vBqtr KrDt itslR SjwtZ hakZw HlUVI " data-testid="prism-image" draggable="false" loading="lazy" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" data-src="https://i.abcnewsfe.com/a/aff14f26-155d-437b-9287-52c37e40f457/biden-labor-ap-lv-241217_1734480973829_hpMain.jpg"></picture></div>
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<div class="nMMea bNYiy Mjgpa dGwha DDmxa jgKNG RGHCC aBIU PriDW lZur " data-testid="prism-caption">
<p><span class="hsDdd OOSI GpQCA lZur VlFaz " data-testid="prism-truncate"><span><span class="gtOSm FbbUW tUtYa vOCwz EQwFq yCufu eEak Qmvg nyTIa SRXVc vzLa jgBfc WXDas CiUCW kqbG zrdEG txGfn ygKVe BbezD UOtxr CVfpq xijV soGRS XgdC sEIlf daWqJ ">President Joe Biden speaks at the Department of Labor in Washington, Dec. 16, 2024.</span></span></span></p>
<p><span class="gtOSm FbbUW tUtYa vOCwz EQwFq yCufu eEak Qmvg nyTIa SRXVc vzLa jgBfc WXDas CiUCW kqbG zrdEG txGfn ygKVe BbezD UOtxr CVfpq xijV soGRS XgdC sEIlf daWqJ YNujN JGtjI aZFDu rkKLh ">Ben Curtis/AP</span></p>
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<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">He discussed the decline of products being made in the U.S., saying corporations have sought cheap labor outside the country.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">&#8220;Corporate America got greedy and what they decided to do is find the cheapest labor in the world,&#8221; Biden said. &#8220;Send the product they were going to make to that state, that place, that nation and import the product back.&#8221;</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Biden also spoke about the economy, reflecting on why he thinks people feel down about it even as macroeconomic factors show an improvement — a key factor in Democrats losing the 2024 election.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">&#8220;It&#8217;s just beginning to sink in,&#8221; Biden said, speaking of the decades-long policy plans he put in place to invest in technology and infrastructure. &#8220;I think that it&#8217;s hard to tell someone about the hundreds of thousands of jobs we created with the CHIPS and Science Act when they haven&#8217;t seen it yet.&#8221;</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">He also acknowledged that prices are still higher than before the pandemic, including for basic goods like milk and eggs, which he said are &#8220;just starting to change.&#8221;</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">&#8220;So there&#8217;s reason for frustration, but there&#8217;s gigantic change been made,&#8221; he said.</p>
<div class="oLzSq QrHMO fnRUo pvsTF EhJPu vPlOC zNYgW OsTsW RMeqy daRVX ISNQ sKyCY eRftA acPPc MENS nFwaT MCnQE mEeeY SmBjI xegrY rPLsU iulOd NIuqO zzscu lzDCc aHUBM IEgzD OjMNy eQqcx SVqKB GQmdz jaoD VWDdR ONJdw vrZxD OnRTz gbbfF roDbV GPGwb oMlSS gfNzt oJhud eXZcf zhVlX ">
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<div class="nMMea bNYiy Mjgpa dGwha DDmxa jgKNG RGHCC aBIU PriDW lZur " data-testid="prism-caption">
<p><span class="hsDdd OOSI GpQCA lZur VlFaz " data-testid="prism-truncate"><span><span class="gtOSm FbbUW tUtYa vOCwz EQwFq yCufu eEak Qmvg nyTIa SRXVc vzLa jgBfc WXDas CiUCW kqbG zrdEG txGfn ygKVe BbezD UOtxr CVfpq xijV soGRS XgdC sEIlf daWqJ ">President Joe Biden speaks at the Department of Labor on Dec. 16, 2024 in Washington, D.C.</span></span></span></p>
<p><span class="gtOSm FbbUW tUtYa vOCwz EQwFq yCufu eEak Qmvg nyTIa SRXVc vzLa jgBfc WXDas CiUCW kqbG zrdEG txGfn ygKVe BbezD UOtxr CVfpq xijV soGRS XgdC sEIlf daWqJ YNujN JGtjI aZFDu rkKLh ">Kevin Dietsch/Getty Images</span></p>
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<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Biden also acknowledged that it&#8217;s harder to get by in America now than it used to be.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC eTIW sUzSN ">Biden&#8217;s administration has approved over $175 billion in debt relief for more than 4.8 million Americans, primarily those who have been paying for decades, who are enrolled in a public service loan relief program and who were defrauded by their colleges.</p>
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<br /><a href="https://abcnews.go.com/Politics/biden-backs-calls-ban-congressional-stock-trading/story?id=116888132">Source link </a></p>
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