The Post discusses investing by Members of Congress this morning. As Congress criticized Wall Street for the proliferation of risky derivatives investments and short-selling practices in recent years, some lawmakers privately made highly speculative investments in derivatives funds that sometimes aimed to profit from a decline in the overall performance of the stock market or […]
Category: House
Time Warner Inc.’s swag bag under the microscope
The Post’s “Reliable Source” notes the weight (and contents) of a bag apparently provided to some attendees at Saturday night’s White House Correspondent’s Dinner. “It’s within the permissible level,” a flack assured us, though turns out that’s about taxes, and not necessarily, you know, ethics. And what are those rules, again? Seems none of this […]
“Scandal” hits the Hill on Congressional travel expenses
The Washington Times discusses the recent controversy regarding Members of Congress’ unused travel expenses. When lawmakers travel overseas on official business they are given up to $250 a day in taxpayer funds to cover meals and expenses. Congressional rules say they must return any leftover cash to the government. They usually don’t.