The Presidential Transition Team called a CNN story about Dr. Tom Price (R-GA) “junk reporting” and late Tuesday requested “that CNN retract this blatantly false story,” noting that the network failed to accurately report all the facts.
Though the term “fake news,” which President-elect Trump used in a news conference last week to describe CNN’s reporting, was not specifically used, it is clear the Presidential Transition Team considers this latest story from CNN yet another report from that network to which those words also apply.
Price, who will appear before the Senate Health, Education, Labor, and Pensions Committee on Wednesday for his confirmation hearing to become the secretary of Health and Human Services, is one of eight Trump cabinet nominees Schumer has vowed to stop.
A legal expert familiar with the Stop Trading on Congressional Knowledge (STOCK) Act of 2012 tells Breitbart News that allegations made by Senate Majority Leader Chuck Schumer (D-NY) on Tuesday and first reported by CNN that “Donald Trump’s pick to quarterback the replacement of Obamacare, Tom Price, might have broken the law with a questionable stock purchase” are baseless and “entirely about politics.”
Late Monday, CNN reported that “Rep. Tom Price last year purchased shares in a medical device manufacturer days before introducing legislation that would have directly benefited the company, raising new ethics concerns for President-elect Donald Trump’s nominee for Health and Human Services secretary.”
“The Office of Congressional Ethics needs to conduct an immediate and thorough investigation into these potential violations of the STOCK Act before Rep. Price’s nomination moves forward,” Sen. Schumer said in a statement first reported in the CNN story.
“The transaction being harped about is so small it barely clears the law’s reporting requirements,” Brady Toensing, former Senate legislative aide and current white collar criminal defense attorney, experienced in defending federal lawmakers and executive branch employees, tells Breitbart News.
“Most importantly, the stock purchase was done through a broker without the Congressman’s knowledge, which is the end of the story for allegations like these. I suspect his accusers are well aware of this, which means these allegations are entirely about politics,” Toensing adds.