Democrats’ $1.9T stimulus bill should be ‘less expensive’: Joe Lieberman
Former Sen. Joe Lieberman, I-Conn., discusses the Democrats pushing through the partisan $1.9T stimulus bill, arguing that it’s not the way the government should run.
The wife of Democratic Delaware Sen. Tom Carper purchased shares of semiconductor manufacturer Intel Corp. just days before President Biden issued an executive order aimed at addressing the global chip shortage.
Martha Ann Stacey Carper on Feb. 16 bought up to $15,000 of Intel Corp. stock, according to a financial disclosure form filed by her husband. Eight days later, Biden signed an executive order calling for a 100-day review that will allow for quick implementation of policy recommendations to strengthen supply chains for chips and other key products.
“The Carpers have always been careful to ensure that their financial investments are handled separately by a financial advisor who makes decisions and transactions independently,” a Carper spokeswoman told FOX Business. “He was a strong supporter of the STOCK Act and has made an extra effort to report all transactions in real time.”
Martha Ann Stacey Carper, a former Dow executive, did not break any laws by purchasing Intel shares, as spouses of members of Congress are allowed to own shares of companies in industries of which their significant others may help regulate. The STOCK Act says neither members of Congress nor their spouses are allowed to purchase stock on nonpublic information.
POWERFUL HOUSE DEM BOUGHT CANNABIS STOCKS AFTER PUSHING DECRIMINALIZATION
Intel shares had rallied 20% this year through Wednesday as the work-from-home environment created by COVID-19 fueled record sales in fiscal year 2020. However, Martha Ann Stacey Carper was likely down about 3% on her investment as technology shares, including Intel, have come under pressure following a spike in bond yields.