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Congress gets new insider-trading rules after Obama signs bill

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US President Barack Obama on Wednesday signed a new law reforming rules on insider trading for members of Congress, saying it would help deal with a deficit of trust afflicting Washington.

Obama signed the bipartisan STOCK Act into law, and for once was surrounded by members of both the Republican and Democratic parties, at a ceremony in the White House complex.

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“The STOCK Act makes it clear that if members of Congress use non-public information to gain an unfair advantage in the market then they are breaking the law,” Obama said.

“We were sent here to serve the American people and look out for their interests and not to look out for our own interests,” Obama said.

The new law forbids not only elected officials but also employees of Congress and the executive branch of government from buying some stock products if they have an insider’s knowledge about the performance of a given security.

Members of Congress and the president’s administration often get private briefings from top corporate executives.

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Elected officials must also report any purchases they make on the stock exchange of more than $1,000 within 90 days.

The STOCK Act is an acronym for the phrase Stop Trading on Congressional Knowledge.

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Trump’s selfish betrayal of the Kurds is not just outrageous — it’s criminal

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Donald Trump’s decision to withdraw American forces from Syria may well be remembered as one of the most egregious and inhuman disasters that he has ever taken since he came to power. For a President of the United States to make such a critical decision with so many implications, simply based on a conversation with Turkish President Erdogan, not only shows his shortsightedness and total lack of strategic approach, but his inability to appreciate how that will adversely affect our friends and please our foes. We are already witnessing the unfolding disaster, and there are no words to explain how and by what logic the President of the United States in particular can take such critical steps, knowing how disastrous the repercussions of his actions would be.

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Trump fans sharpen their knives for Mulvaney after quid pro quo disaster: ‘He’s about 70 percent as smart as he thinks he is’

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Acting White House chief of staff Mick Mulvaney's disastrous press conference on Thursday has riled up some of Donald Trump's most avid defenders who are now talking behind his back and on conservative talk radio for hurting the president.

According to a report at the Daily Beast, not only was the press stunned by Mulvaney's admission that the administration indulges in quid pro quo negotiating -- with the high-ranking White House official snapping "Get over it" at reporters -- but conservatives were also appalled at the damage he did to Trump despite attempting to disavow his own words hours later.

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Trump suffers rare international rebuke in a withering statement from multiple European countries

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Leaders from Germany, France, the United Kingdom, the European Parliament, and the United States joined together on Friday to issue a damning statement condemning President Donald Trump and Turkey for the ongoing atrocities in northern Syria.

In the statement, the chairs of foreign affairs committees from each governing body said they consider Turkey’s recent incursion into Syria targeting the Kurdish people to be “military aggression and a violation of international law.”

They continued: “The Turkish offensive is causing suffering for the local people who are forced to flee and a further instability in Syria and the neighboring region.”

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