• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Sen Hawley calls on Energy Secretary Granholm to resign in heated exchange over stock trades
Economy

Sen Hawley calls on Energy Secretary Granholm to resign in heated exchange over stock trades

by April 17, 2024
by April 17, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Sen. Josh Hawley, R-Mo., called on Energy Secretary Jennifer Granholm to resign Tuesday following a heated exchange over her past financial transactions.

Hawley’s tense back-and-forth with Granholm came during a Senate Energy and Natural Resources Committee hearing held to review the Department of Energy’s (DOE) 2025 budget request. The Missouri Republican excoriated the energy secretary for violating the STOCK Act and for continuing to own shares of individual companies last year despite testifying that she did not own any individual stock.

‘It is outrageous that you misled us. It is outrageous that you are continuing to mislead us,’ Hawley remarked. ‘This has got to change. And, frankly, you should go.’

Early in her tenure leading the Department of Energy, it was revealed that Granholm violated the STOCK Act nine times by failing to disclose $240,000 worth of stock sales within the legally-mandated time frame.

And separately, in a June 2023 letter to Energy and Natural Resource Committee leadership, Granholm said she owned shares of six unnamed individual companies worth up to $120,000 and that her husband owned $2,457.89 worth of shares in Ford Motor Co. at the time of her under-oath testimony before the panel months prior.

During the April 20, 2023, hearing, Granholm told Hawley that she was ‘not owning individual stocks.’ After discovering her and her husband’s ownership of stock, Granholm sold her husband’s Ford shares on May 15, 2023, and sold her remaining individual stock holdings days later, according to her letter.

‘You neglected to report it to this committee for months afterwards,’ Hawley asked Granholm during the hearing Tuesday. ‘Why did you mislead this committee?’

‘Oh, my goodness,’ Granholm responded. ‘I believed that I had sold all individual stocks, and I was incorrect. So, I came back as soon as I found out that, in fact, I had not sold all individual stocks.’

Hawley then interrupted her, saying she had waited a month before informing the committee of the transactions.

‘I did not hide it because I brought it forth to the committee when I realized that we had made a mistake,’ Granholm added.

In addition, the GOP lawmaker blasted Granholm for allowing agency employees to own individual stocks. Last year, the Wall Street Journal reported that hundreds of senior DOE officials owned stocks related to the agency’s work, a potential conflict-of-interest violation.

He said that senior DOE officials owning stocks reveals the ‘institutionalized corruption in the Department of Energy.’

Granholm responded by saying officials strictly own stocks in companies in areas they do not have any influence over. She also said the agency has a strong ethics office that reviews relevant transactions.

This post appeared first on FOX NEWS
You Might Also Like
  • What Republicans don’t understand about how Biden really wins elections
  • AUDUSD and AUDNZD: Targets and Prices Weekly Overview
  • Morning Glory: The Biden versus Trump debates, part one
  • Border residents fearful Middle Americans won’t hear warning about immigration crisis ahead of Election Day
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Johnson likely forced to get Dem help on foreign aid plan as Republicans decry lack of border measures
next post
Top Republican demands Biden admin block Iranian foreign minister’s visit to UN: ‘an insult’ to victims

You may also like

DeSantis criticizes Haley for not endorsing Trump: ‘You signed the...

March 8, 2024

Biden blames GOP for scoring ‘political points’ on immigration, as...

January 21, 2023

Congress races to research AI-enhanced drones to maintain national security...

June 2, 2023

Understanding Forex Trading: A Comprehensive Overview

September 13, 2024

Polish leader warns of ‘prewar era,’ urges European nations to...

March 30, 2024

House speaker race: Republicans to select a candidate to replace...

October 11, 2023

Former Biden official says admin’s latest action ‘normalizes’ White nationalist...

February 23, 2023

Fetterman discharged from hospital after tests rule out stroke, seizures

February 11, 2023

Ohio Supreme Court orders rewrite of constitutional amendment ballot language

June 13, 2023

Why don’t we trust the government anymore?

August 3, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,631 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,577 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,451 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • How to Find Compelling Charts in Every Sector

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters...

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,171)
    • Investing (538)
    • Stock (2,662)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Why Hunter Biden stood in the...

    December 16, 2023

    Rashida Tlaib votes ‘present’ on nearly...

    February 15, 2024

    Trump, Haley, DeSantis? Here’s everyone running,...

    May 25, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here