White House economic adviser Larry KudlowLawrence (Larry) Alan KudlowMORE slammed U.S. senators who allegedly traded stock before a massive coronavirus outbreak in the United States during a tele-town hall hosted by Arizona Sen. Martha McSallyMartha Elizabeth McSallyKudlow slams senators who allegedly traded stock before pandemic Graham backs Trump, vows no money for WHO in next funding bill Trump considering suspending funding to WHO MORE (R) Thursday evening.
“If it is proven that they’ve done something illegal or unethical, they will have to be significantly punished,” Kudlow said. “I don’t put up with any of that nonsense.”
Last month, financial disclosures allegedly revealed Sens. Richard BurrRichard Mauze BurrKudlow slams senators who allegedly traded stock before pandemic Trump takes heat for firing intel watchdog during pandemic COVID-19 and the coming corruption pandemic MORE (R-N.C.), Kelly LoefflerKelly LoefflerKudlow slams senators who allegedly traded stock before pandemic Loeffler liquidates stocks amid uproar over trades after Senate coronavirus briefing Democrats text over 1 million Georgia voters to boost mail voting efforts MORE (R-Ga.), James InhofeJames (Jim) Mountain InhofeKudlow slams senators who allegedly traded stock before pandemic House Republicans threaten pushback on Saudi Arabia amid oil market slump Navy chief resigns amid uproar over handling of aircraft carrier coronavirus crisis MORE (R-Okla.) and Dianne FeinsteinDianne Emiel FeinsteinKudlow slams senators who allegedly traded stock before pandemic Senators demand more details from Trump on intel watchdog firing Zoom, grocery delivery, self-isolation: How lawmakers are surviving coronavirus MORE (D-Calif.) sold hundreds of thousands of dollars in stocks within days of the Senate holding a briefing on Jan. 24 with administration officials on the coronavirus outbreak. Both Inhofe and Feinstein later said that they were not present at the briefing.
After facing multiple calls for his resignation — including from conservative commentator Tucker CarlsonTucker CarlsonKudlow slams senators who allegedly traded stock before pandemic The ghosts of the Bernanke-Yellen Fed continue to haunt Americans Is the coronavirus igniting a war of all against all? MORE — Burr called for an ethics investigation into his own stock trading.
Kudlow, a former Wall Street economist and Reagan staffer, said that if the senators partook in illicit trading, the they should be disciplined.
“In our great system of free enterprise, you have to play by the rules; everybody has to play by the rules … we all have to play by the rules, and if not we’ll have to face the consequences,” he said.
McSally agreed with the White House economist.
“Larry, I couldn’t agree with you more. If these allegations are true, they need to be held accountable,” McSally said.
On Tuesday, it was reported Georgia Sen. David Perdue (R) purchased stock in a company that produces personal protective equipment as the coronavirus pandemic began to spread in the U.S. However, an official for Perdue said that he was not at the Jan. 24 briefing, and mentioned that the senator has not been involved in his personal finances since taking office.
Updated 9:51 p.m.