WASHINGTON (AP) — The chairman of the Senate Armed Services Committee quickly unloaded newly acquired Raytheon stock following a report that the purchase was made…
WASHINGTON (AP) — The chairman of the Senate Armed Services Committee quickly unloaded newly acquired Raytheon stock following a report that the purchase was made after he urged President Donald Trump to boost defense spending by billions of dollars.
The Daily Beast first reported that a financial adviser to Sen. James Inhofe bought between $50,000 and $100,000 of Raytheon stock Tuesday, a week after the Oklahoma Republican met with Trump and Defense Secretary Jim Mattis to discuss the military’s budget.
Following that meeting, according to separate reports, Trump planned to ask Congress to provide the Pentagon with a record level of military spending in fiscal year 2020: $750 billion.
Leacy Burke, a spokeswoman for Inhofe, said all of the senator’s financial transactions are handled by a third-party adviser and Inhofe had “no involvement in and has not been consulted about his stock transactions.
