Democrats press White House over potential ‘insider trading’ before Trump tariff pause
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(WASHINGTON) — Democratic lawmakers are “urgently” calling for the White House to issue a full disclosure of financial transactions leading up to President Donald Trump’s sudden pause on a sweeping set of tariffs earlier this month, raising concerns that people close to the president “potentially violated federal ethics and insider trading laws” surrounding his actions.
Sen. Adam Schiff, D-Calif., and Rep. Mike Levin, D-Calif., sent a letter on Monday, signed by a group of 23 other Democrats, to White House chief of staff Susie Wiles, calling for a commitment from all senior White House and executive branch employees to “expeditiously” transmit all reports related to their securities transactions since the start of Trump’s term to the Office of Government Ethics, requesting, too, that all of this mandatory reporting be made public.
The letter, shared first with ABC News, also asks that any extensions granted to White House employees related to their accounting reports become public, noting that this was practiced during the first Trump administration.
“We are concerned that no periodic transaction reports have been posted on the OGE database for White House officials’ individual disclosures at any point since President Trump took office on January 20, 2025,” Schiff and Levin wrote.
“There is reason to doubt that not a single senior White House official or employee has made any financial transactions triggering a periodic transaction report since the start of the Administration,” the letter continued. “As an important point of reference, during the first Trump Administration, periodic transaction reports filed by senior White House officials were made publicly available on the OGE’s disclosure database, as required by the Ethics in Government Act and the STOCK Act.”
The White House did not immediately respond to an ABC News request for comment.
Hours before Trump announced he was rolling back tariffs to 10% to all countries except China, which sent the stock market soaring, he posted on Truth Social: “BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!” and “THIS IS A GREAT TIME TO BUY!!! DJT.”
Stocks were down the morning before Trump’s Truth Social post. Nasdaq soared 12.1% at close, the index’s largest single-day gain since 2021, while the Dow jumped 7.8%, its biggest one-day increase in five years.
“Newly identified data raises concerns about potential violations of federal ethics and insider trading laws by individuals close to the President with access to non-public information,” Schiff and Levin’s letter reads.
Trump has said he hasn’t engaged in insider trading himself — but that he couldn’t definitively claim that members of his administration have not. “I can commit to myself, that’s all I can commit to,” Trump told reporters on Friday, when asked whether he could assure Americans that no one in his administration was insider trading with information about trade deals coming together.
Trump said he hires “honorable people” but said, “I have thousands of people that work for me, but I can’t imagine anybody doing that.”
The Democrats requested a response from Wiles no later than May 9, 2025, and for a “detailed plan” for how the administration plans to address any officials and employees who may have failed to file required disclosures from the start of the administration.
“By failing to take these steps, the Administration would be withholding critical information from the American people regarding potential violations of federal ethics and insider trading laws. We look forward to reviewing all required reports and disclosures,” Schiff and Levin wrote.
“Senior White House officials have influence over or become witting of consequential policy decisions that can have market moving impacts,” the letter said. “It is critical that such officials adhere to all applicable ethics, conflict of interest, and disclosure requirements.”
“The American public deserves nothing less than full transparency, particularly in the context of the harm done to pension funds and retirement savings as a result of the President’s erratic trade policy,” it continued
The letter was signed by Sens. Chris Van Hollen, Elizabeth Warren, Jeffrey Merkley and Elissa Slotkin, as well as Reps. Brad Sherman, Brad Schneider, Angie Craig, Jerry Nadler, Rashida Tlaib, Cleo Fields, Yassamin Ansari, Seth Magaziner, Pramila Jayapal, Eleanor Holmes Norton, Nanette Diaz Barragán, Mark DeSaulnier, Madeleine Dean and Delia Ramirez.
Schiff had previously written to Wiles and U.S. Trade Representative Jamieson Greer over the rollbacks on Trump’s tariffs. In that letter, sent with Sen. Ruben Gallego, D-Ariz., Schiff asked for an investigation into potential conflicts of interest. Schiff has not received a response from Wiles following his request, a spokesperson for the senator told ABC News.
(WASHINGTON) — Longtime Republican Sen. Mitch McConnell announced on Thursday he will not seek reelection next year.
McConnell, who turned 83 today, was largely expected to end his Senate tenure at the conclusion of his term in January 2027 but made it official in a floor speech in which he reflected on his decades-long political career.
“Seven times my fellow Kentuckians have sent me to the Senate. Every day in between I have humbled by the trust they place in me to do their business, right here,” he said. “Representing our commonwealth has been the honor of a lifetime.”
“I will not seek this honor for an eighth time,” he continued. “My current term in the Senate will be my last.”
The Kentucky lawmaker stepped down from his role as party leader last year after a record-breaking 18 years atop the GOP conference.
McConnell said Thursday that serving in the role was “a rare and, yes, rather specific childhood dream” come true.
Since ending his tenure as leader, McConnell has distinguished himself as one of few Republican senators willing to challenge President Donald Trump. He has voted against three of Trump’s Cabinet nominees so far, more than any other GOP lawmaker in the body.
This is a developing story. Please check back for updates.
National Security Advisor Mike Waltz and Defense Secretary Pete Hegseth/ Andrew Harnik/Getty Images
(WASHINGTON) — The Trump administration is under scrutiny after The Atlantic editor Jeffrey Goldberg said he was inadvertently added to a Signal group chat that included top national security officials, including Defense Secretary Pete Hegseth, in which the officials discussed plans for a U.S. attack on Houthis in Yemen.
Goldberg revealed the mishap in a piece for the magazine on Monday and told ABC News that he was apparently added to the chat by National Security Adviser Mike Waltz.
Goldberg provided two screenshots in the magazine piece and did not provide details or quotes, only a description of the operational part of the Signal message chain.
Both the Trump administration and top officials involved have repeatedly denied that war plans or classified information were discussed, as Goldberg reported.
Below is a timeline spanning from the creation of the group chat to what has happened since.
March 11
In an interview with “ABC News Live” Monday evening, Goldberg told Linsey Davis he received a message request on the Signal app from White House national security adviser Mike Waltz, or someone “who’s purporting to be Mike Waltz” on March 11.
He said the invitation was “not an unusual thing in Washington.”
“I’m a journalist, I’ve met him in the past, so I accept it,” he told ABC News.
Goldberg said he accepted the request, with nothing occurring until several days later, when he was added to a “group of seemingly very high national security officials of the United States” including Vice President JD Vance, with Waltz apparently creating this chat.
“Mike Waltz puts this group together and says it’s a planning group for essentially upcoming action in Yemen,” Goldberg said.
Goldberg told ABC News he initially thought it was a hoax since it would be “completely absurd to me that the national security leadership of the United States would be meeting on a messaging app to discuss forthcoming military action, and that then they would also invite the editor of The Atlantic magazine to that conversation.”
March 14
Goldberg told ABC News a “long conversation” occurred between the group chat members on March 14, discussing “whether or not they should or shouldn’t take action in Yemen.”
The messages went back and forth with “a lot of resentment directed at European allies of the United States, which obviously enhanced the credibility of this chain,” Goldberg said.
He told ABC News at this point the members of the chat sounded like people he knew within the administration, but still was not sure whether or not it was a hoax.
March 15
Goldberg told ABC News he continued to track the incoming messages from the group chat, to see “who was trying to entrap me or trick me.” Then on March 15, he said it became “overwhelmingly clear” it was a legitimate group chat, he told ABC News.
At 11:44 a.m., he said he received a text in the chain from someone claiming to be Hegseth, or “somebody identified as Pete,” providing what Goldberg characterized as a war plan. The message included a “sequencing of events related to an upcoming attack on Yemen” and promised results by 1:45 p.m. Eastern time.
Goldberg told ABC News he was in his car and waiting with his phone to “see if this was a real thing.”
“Sure enough, around 1:50 [p.m.] Eastern time, I see that Yemen is under attack,” he said.
When the attacks seemed to be “going well,” Goldberg told ABC News that members of the chat began sending congratulatory messages along with fist, fire and American flag emojis.
“That was the day I realized this is possibly unbelievably the leaders of the United States discussing this on my messaging app,” Goldberg told ABC News. “My reaction was, I think I’ve discovered a massive security breach in the United States national security system.”
Goldberg told ABC News he removed himself from the group chat once the operation was completed.
“I watched this Yemen operation go from beginning to apparent end, and that was enough for me to learn that there’s something wrong in the system here that would allow this information to come so dangerously close to the open wild,” Goldberg said.
March 16
Waltz appeared on ABC’s “This Week” the day after the strikes on Yemen and said the U.S. airstrikes “took out” multiple leaders of the Iranian-backed Houthis, which he said differed from the Biden administration’s launches against the group.
“These were not kind of pinprick, back and forth — what ultimately proved to be feckless attacks,” Waltz said. “This was an overwhelming response that actually targeted Houthi leaders and took them out. And the difference here is, one, going after the Houthi leadership, and two, holding Iran responsible.”
March 24
Goldberg published a story in The Atlantic revealing the mishap, in a piece titled “The Trump Administration Accidentally Texted Me Its War Plans.”
Shortly after the story’s publication on Monday afternoon, White House National Security Council spokesman Brian Hughes shared with ABC News the statement he provided to The Atlantic confirming the authenticity of the Signal group chat.
“At this time, the message thread that was reported appears to be authentic, and we are reviewing how an inadvertent number was added to the chain. The thread is a demonstration of the deep and thoughtful policy coordination between senior officials. The ongoing success of the Houthi operation demonstrates that there were no threats to our servicemembers or our national security,” Hughes said in a statement.
Speaking to reporters Monday, Hegseth denied he sent war plans in the chat.
“I’ve heard how it was characterized. Nobody was texting war plans, and that’s all I have to say about that,” Hegseth told reporters in Honolulu while on a layover on his trip to Asia.
Hegseth called Goldberg a “deceitful and highly discredited, so-called journalist who’s made a profession of peddling hoaxes time and time again.”
“This is the guy that pedals in garbage. This is what he does,” Hegseth said about Goldberg.
During an event at the White House on Monday, President Donald Trump was asked about Goldberg’s article. “I don’t know anything about it. I’m not a big fan of The Atlantic,” he said.
Top Democrats including House Minority Leader Hakeem Jeffries voiced outrage at the administration after this mishap.
“It is yet another unprecedented example that our nation is increasingly more dangerous because of the elevation of reckless and mediocre individuals, including the Secretary of Defense,” Jeffries said in a statement on Monday.
Former Secretary of State Hillary Clinton, who faced scrutiny over her alleged use of a private email server while at the State Department, shared her reaction to the Signal group chat on X: “You have got to be kidding me.”
Senate Minority Leader Chuck Schumer also criticized this apparent breach of military intelligence, urging Senate Republicans to work with Democrats in a “full investigation” to look into how this incident occurred.
“If you were up in arms over unsecure emails years ago, you should certainly be outraged by this amateurish behavior,” Schumer said on the Senate floor, referencing the scandal over Clinton’s emails.
March 25
On Tuesday morning, White House Press Secretary Karoline Leavitt said Goldberg is “well-known for his sensationalist spin” and emphasized that “no ‘war plans’ were discussed.”
“As the National Security Council stated, the White House is looking into how Goldberg’s number was inadvertently added to the thread. Thanks to the strong and decisive leadership of President Trump, and everyone in the group, the Houthi strikes were successful and effective. Terrorists were killed and that’s what matters most to President Trump,” Leavitt shared on X.
Trump told NBC News he remains confident in Waltz even after the use of an unsecured group chat.
“Michael Waltz has learned a lesson, and he’s a good man,” Trump told NBC correspondent Garrett Haake.
Director of National Intelligence Tulsi Gabbard and CIA Director John Ratcliffe were grilled by Democratic Sen. Mark Warner on Tuesday regarding the mishap. Both officials said while testifying before the Senate Select Committee on Intelligence there was no classified information on the chain.
Ratcliffe said he believed the “national security adviser intended this to be as it should have been, a mechanism for coordinating between senior level officials, but not a substitute for using high side or classified communications for anything that would be classified.”
Speaker Mike Johnson continued to downplay the mishap but admitted the breach was a “serious” mistake on Tuesday.
“Look, they have acknowledged that there is an error, and they are correcting it. And I would’ve asked the same thing of the Biden administration,” Johnson said during a news conference Tuesday morning.
During a White House meeting with ambassadors on Tuesday afternoon, Trump said this incident is “just something that can happen” and that there was “no classified information” in the group chat.
He added that Signal is “not a perfect technology.”
“Sometimes somebody can get onto those things,” Trump said. “That’s one of the prices you pay when you’re not sitting in the Situation Room with no phones on, which is always the best, frankly.”
Waltz said the White House’s tech and legal teams are looking into the mishap.
“No one in your national security team would ever put anyone in danger,” Waltz said.
He also claimed to have never met Goldberg.
“We are looking into him, reviewing how the heck he got into this room,” Waltz said.
A spokesperson for The Atlantic released a statement on Tuesday night following the comments from Trump and his aides.
“Attempts to disparage and discredit The Atlantic, our editor and our reporting follow an obvious playbook by elected officials and other in power who are hostile to journalists and the First Amendment rights of all Americans,” the magazine said.
The statement went on to say that “any responsible national security expert would consider the information contained in this Signal chat to be of the greatest sensitivity, and would agree that this information should never be shared on non-government messaging apps.”
March 26
Schumer and other top Senate Democrats on national security committees wrote a letter to Trump seeking more information about the mishap, requesting a “complete and unredacted” transcript of the Signal group chat for the appropriate committees to review in a secure setting.
“We write to you with extreme alarm about the astonishingly poor judgment shown by your Cabinet and national security advisors,” the Senators wrote, according to a copy of the letter obtained by ABC News. “You have long advocated for accountability and transparency in the government, particularly as it relates to the handling of classified information, national security and the safety of American servicemembers. As such, it is imperative that you address this breach with the seriousness and diligence that it demands.”
The Atlantic on Wednesday published a new article detailing purported information about recent American strikes in Yemen it says was accidentally shared in the Signal group chat.
Shortly after the article was published, Leavitt said in a post on X “these were NOT ‘war plans.'”
“This entire story was another hoax written by a Trump-hater who is well-known for his sensationalist spin,” Leavitt said.
ABC News’ Fritz Farrow, Anne Flaherty, Luis Martinez, Isabella Murray, Allison Pecorin, Lauren Peller, Michelle Stoddart, Selina Wang and Kelsey Walsh contributed to this report.
(WASHINGTON) — Conservative legislators are increasingly speaking out against the Supreme Court’s landmark 2015 ruling on same-sex marriage equality.
Idaho legislators began the trend in January when the state House and Senate passed a resolution calling on the Supreme Court to reconsider its decision — which the court cannot do unless presented with a case on the issue. Some Republican lawmakers in at least four other states like Michigan, Montana, North Dakota and South Dakota have followed suit with calls to the Supreme Court.
In North Dakota, the resolution passed the state House with a vote of 52-40 and is headed to the Senate. In South Dakota, the state’s House Judiciary Committee sent the proposal on the 41st Legislative Day –deferring the bill to the final day of a legislative session, when it will no longer be considered, and effectively killing the bill.
In Montana and Michigan, the bills have yet to face legislative scrutiny.
Resolutions have no legal authority and are not binding law, but instead allow legislative bodies to express their collective opinions.
The resolutions in four other states echo similar sentiments about the merits of the Court’s Obergefell v. Hodges decision, which established the right to same-sex marriage under the equal protection clause and the due process clause of the 14th Amendment.
Some legislators behind the resolutions argue that the legality of gay marriage should be left to states to decide, while others argue that marriage should be reserved for one man and one woman.
LGBTQ advocates and allies have criticized the efforts, arguing that the majority of Americans approve of same-sex marriage and say the efforts undermine “personal freedoms.”
A 2024 Gallup poll found that 69% of Americans continue to believe that marriage between same-sex couples should be legal, and 64% say gay or lesbian relations are morally acceptable.
In Michigan, state Rep. Josh Schriver unveiled his own anti-gay marriage resolution on Feb. 25, arguing that restrictions on gay marriage are important to “preserve and grow our human race,” he said at a press conference announcing the resolution.
“Michigan Christians follow Christ’s definition of marriage as a covenant between a man and a woman, an institution established to glorify God and produce children,” said Schriver.
In a press release, he added: “The new resolution urges the preservation of the sanctity of marriage and constitutional protections that ensure freedom of conscience for all Michigan residents.”
Local Democratic leaders denounced the resolution, arguing that it discriminates against the rights of LGBTQ Americans and distracts from more pressing issues facing Michigan residents.
“At a time when Michiganders are looking to their leaders to address pressing issues like lowering costs and protecting our economy, House Republicans are choosing to focus on undermining the personal freedoms of Michigan residents,” state Rep. Mike McFall said.
“This resolution is not only a blatant attempt to roll back the clock on civil rights, but it is also out of step with the values and priorities of our state.”
The Michigan resolution has been referred to the Committee on Government Operations and has not yet been put to a vote.
The handful of resolutions come after Associate Justice Clarence Thomas expressed interest in revisiting the Obergefell decision in his concurring opinion on the Supreme Court’s landmark 2022 decision on the Dobbs v. Jackson Women’s Health Organization case that overturned the federal right to abortion.
He wrote: “In future cases, we should reconsider all of this court’s substantive due process precedents,” such as Obergefell. “Because any substantive due process decision is ‘demonstrably erroneous,’ we have a duty to ‘correct the error’ established in those precedents,” Thomas said.
Thomas had issued a dissenting opinion in 2015 against same-sex marriage equality.
More than two dozen states have some kind of restriction on same-sex marriage that could be triggered if the Supreme Court one day overturns its 2015 decision, according to legislative tracking group Movement Advancement Project. This is because marriage equality has not yet been codified and enshrined into law nationwide.
However, the Respect for Marriage Law signed by former President Joe Biden in 2022 guarantees the federal recognition of same-sex and interracial marriages in the event of an overturned Supreme Court decision.
It requires all states to recognize legally certified marriages, even if they were done in a state where it is later banned or done in another state entirely.
