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Spencer Bachus

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  • Keeping Congress clean

    Keeping Congress clean
    In September 2008, the U.S. financial system was teetering on collapse and the stock market was shaky. But Alabama Republican Rep. Spencer Bachus saw opportunity in the crisis. According to an investigation by the CBS news program "60 Minutes," Mr. Bachus attended a closed-door meeting that month with then-Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke at which lawmakers were briefed on the probable course of events. A day later, Mr. Bachus bought two types of highly leveraged options, essentially betting that share prices would fall — which they did. A week later, the congressman pocketed a tidy $5,000 profit when he sold his options.
  • Sun conveniently omits Pelosi's misdeeds

    Apparently all the " talking back" I've done in past years has been of little consequence. Could The Sun be any more obvious in their partisan reporting of insider trading perpetrated by members of Congress ("Keeping Congress clean," Nov. 28)? The Sun...

    Boehner's troubles with House conservatives may only get worse

    FOND DU LAC Wis. (Reuters) - Glenn Grothman is a fiery conservative who wants to slash welfare programs and crack down on illegal immigrants who he says will "destroy" America. And if U.S. House Speaker John Boehner wants to keep his job next year, he...

    New wave of conservatives vie for U.S. House seats

    (Reuters) - Departures and primary losses for 28 Republicans in the U.S. House of Representatives have created opportunities for a new wave of conservative and Tea Party-backed candidates. Here are some of the most notable departures and the candidates...

    Sen. Ted Cruz rallies GOP against border bill; House delays vacation

    Sen. Ted Cruz rallies GOP against border bill; House delays vacation
    On a day that was supposed to signal new leadership in the House, Speaker John A. Boehner was plagued with the same old GOP infighting Thursday when he was forced to abruptly cancel a vote to approve $659 million in emergency funding for the border crisis...