GOP Lawmaker Caught 'Selling' Stock in Healthcare Group That Accepts Medicaid as 'Big, Beautiful Bill' Passes House, Trade Insider Says
According to Quiver Quantitative, which tracks stock trading among insiders, including Congress, Bresnahan sold his shares in Centene Corporation on May 15, days before the House initially advanced President Donald Trump's so-called "Big, Beautiful Bill," which includes sweeping tax cuts and spending increases. Critics warn the legislation could strain Medicaid funding and other social safety net programs.
Centene ($CNC) stock has since cratered, falling over 43% since Bresnahan's trade, while the broader S&P 500 (SPY) rose about 5% in the same period.
The "Big, Beautiful Bill" passed the Senate last week and returned to the House after amendments were made. The massive tax and spending bill passed the House once again Thursday and now heads to Trump's desk.
Bresnahan insists he does not personally manage his investments and says his financial advisor made the trade. He has pledged to place his assets into a blind trust but, according to Quiver Quantitative, has yet to do so.
In early May, Bresnahan introduced a bill to ban congressional stock trading. He campaigned on restoring trust in government, but has come under scrutiny after disclosures revealed he reportedly made over $4 million in trades during his first months in office.
Originally published on Latin Times
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Int'l Business Times
11 hours ago
- Int'l Business Times
'Things Will Improve': Bolivians Look Forward To Right's Return
Bolivians on Monday began looking to a future without the ruling socialists of the past two decades, after the first round of presidential and parliamentary elections were won by a resurgent right. The Movement towards Socialism (MAS), in power since iconic leader Evo Morales was elected to the presidency in 2005, suffered a cataclysmic defeat in Sunday's elections over its handling of a severe economic crisis. The party's presidential candidate Eduardo del Castillo garnered just 3.1 percent of the vote in the South American nation. MAS also lost nearly all its Congress seats to the opposition, led by centre-right senator Rodrigo Paz and right-wing ex-president Jorge "Tuto" Quiroga, who snagged the two places in October's presidential run-off. Franz Yupangui, a 49-year-old lecturer in sustainable engineering, said he hoped the right-ward shift would end the worst shortages of fuel and dollars -- the currency in which Bolivians save -- that he could recall since the 1980s. "I think that now, given we are going to change to another type of politics, things will improve," he told AFP at a fruit and vegetable market in central La Paz. Clara Rodriguez, a 54-year-old fruitseller whose business has been hit by rising fuel and food prices, also welcomed the dramatic changes to the political landscape. "In our country we've lacked many things, and for people with very limited resources, things have been very bad. So I think with this change we're going to move forward," she said as she packed sweet cherimoyas, a fruit native to the Andes, for a customer. Like many Bolivians, she also voiced relief at the peaceful nature of the election, which contrasted with the violence that erupted in 2019 after Morales claimed victory in polls marked by fraud allegations. Fears that supporters of Morales, who attempted to stand for an unconstitutional fourth term this year but was barred from running, could wreak havoc came to naught. "Evistos," as his loyal Indigenous and rural followers are known, instead expressed their frustrations at the ballot box. Nearly one in five voters -- an historic 19.38 percent -- answered his call to spoil their ballots. Paz was the surprise winner of the first round, with 32.14 percent of the vote, ahead of Quiroga on 26.81 percent. Millionaire businessman Samuel Doria Medina, who had been tipped to finish first, trailed in third. In an interview Monday with Bolivia's El Deber daily, Paz, who campaigned as a moderate, attributed his success to a nationwide listening tour. "I've been traveling for four years now; I didn't come three months before (the election) on a private plane, land on a runway, and give speeches," he said, in an apparent dig at Doria Medina and Quiroga, dismissed by many voters as the candidates of big business. Both Paz, son of former president Jaime Paz (1989-1993), and Quiroga, who served a year as president in the early 2000s, launched their second-round campaigns Monday with calls for unity. The two candidates' programmes converge on some points, such as eliminating fuel subsidies, lowering taxes and breaking with MAS's big-state economic model. "We must turn the page and begin building a new Bolivia," Quiroga said. Rodrigo Paz (L) and Jorge 'Tuto' Quiroga, two members of Bolivia's resurgent right, will face each other in the country's October 2025 presidential run-off AFP
DW
20 hours ago
- DW
GOP states to deploy National Guard troops to Washington, DC – DW – 08/17/2025
Three Republican-led states are sending their National Guard troops to aid President Donald Trump's effort to combat an "out of control" crime wave in the US capital. West Virginia Governor Patrick Morrisey announced Saturday that he is deploying 300 to 400 National Guard troops to Washington, DC. Morrisey is a member of US President Donald Trump's Republican Party, which is also known as the Grand Old Party (GOP). "West Virginia is proud to stand with President Trump in his effort to restore pride and beauty to our nation's capital," Morrisey said in a statement. The deployment is part of the Trump administration's effort to crack down on crime and homelessness. Maj. Gen. James Seward, West Virginia's adjutant general, said that members of the state's National Guard "stand ready to support our partners in the National Capital Region and contribute to the collective effort of making our nation's capital a clean and safe environment." To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Apart from Morrisey, two other Republican governors are also sending their states' National Guard troops to the country's capital to support Trump's effort. South Carolina Governor Henry McMaster authorized the deployment of 200 of his state's National Guardsmen. "Our National Guard will work to assist President Trump's mission, and should a hurricane or natural disaster threaten our state, they can and will be immediately recalled home to respond," McMaster wrote on X. Meanwhile, Ohio Governor Mike DeWine announced that his state would deploy 150 military police. "None of these military police members are currently serving as law enforcement officers in the state of Ohio," DeWine said in a statement. The announcements come as protesters pushed back on the increased presence of federal law enforcement and National Guard troops in Washington, DC. In a letter to city residents, Mayor Muriel Bowser, a Democrat, wrote that "our limited self-government has never faced the type of test we are facing right now." She called on Washington residents to stick together, "We will show the entire nation what it looks like to fight for American democracy — even when we don't have full access to it." On Monday, Trump put the metropolitan police department of Washington, DC, under federal control. He declared an emergency due to the "city government's failure to maintain public order." "Crime is out of control in the District of Columbia. (…) The magnitude of the violent crime crisis places the District of Columbia among the most violent jurisdictions in the United States," according to the official White House statement. However, on Friday, the Trump administration retracted its previous decision and agreed to let the Washington, DC police chief remain in charge of the police force after a federal court's order.
DW
2 days ago
- DW
US suspends medical visas for Gazans after far-right posts – DW – 08/17/2025
The US says it is halting medical-humanitarian visas for people from Gaza after a far-right figure claimed they were a threat to the country. The move will prevent wounded Palestinians coming to the US for treatment. The US government said on Saturday it was halting all visitor visas for people from from Gaza while it conducts "a full and thorough" review. "All visitor visas for individuals from Gaza are being stopped while we conduct a full and thorough review of the process and procedures used to issue a small number of temporary medical-humanitarian visas in recent days," the State Department, headed by Marco Rubio, wrote on X. The move comes after far-right influencer Laura Loomer posted claims on social media that some Palestinians issued with medical-humanitarian visas to the US were "pro-HAMAS ... affiliated with the Muslim Brotherhood and funded by Qatar," without providing evidence. Her posts were written after the US-based charity HEAL Palestine last week said it had brought 11 critically wounded Gazan children, together with their caregivers and siblings, to the US for medical treatment. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Loomer holds no official position but has shown a significant power to influence the Trump administration and the Republican party, among other things bringing about the sacking of several senior US security officials after claiming they were disloyal to the president. She is known for spreading far-right conspiracy theories, such as claiming that the 9/11 terrorist attacks in the US were an inside job and that the Parkland high school shooting and the Santa Fe High School shooting were staged. "Truly unacceptable," Loomer wrote of the issued visas in one X post. "Someone needs to be fired at @StateDept when @marcorubio figures out who approved the visas." "Qatar transported these GAZANS into the US via @qatarairways," she said, adding that Qatar was "literally flooding our country with jihadis." She also shared videos of badly wounded Palestinian children arriving in the US this month with their families, claiming that they were uttering "jihadi chants," whereas they seemed rather to be shouting out with joy that they had arrived safely. Several of the posts targeted HEAL Palestine, which said it had carried out "the largest single medical evacuation of injured children from Gaza to the US" with its transport. Republican Congressman Randy Fine praised Loomer after the visa change was announced. "Massive credit needs to be given to @LauraLoomer for uncovering this and making me and other officials aware. Well done, Laura," Fine wrote on X. However, the Palestine Children's Relief Fund, another US-based charity, called on the Trump administration to "reverse this dangerous and inhumane decision." "This policy will have a devastating and irreversible impact on our ability to bring injured and critically ill children from Gaza to the United States for lifesaving medical treatment — a mission that has defined our work for more than 30 years," it said in a statement. "Medical evacuations are a lifeline for the children of Gaza who would otherwise face unimaginable suffering or death due to the collapse of medical infrastructure in Gaza," it said. The Council on American-Islamic Relations also condemned the move to suspend visas, calling it another sign of the "intentional cruelty" of the Trump administration. Gaza's medical infrastructure has been devastated amid the Israeli offensive triggered by a Hamas-led attack on Israel on October 7, 2023, in which 1,200 people were killed and 251 hostages were taken. According to Gaza health officials, more than 61,000 Palestinians have been killed in the offensive.
