Senator Purchased Stock in Military Contractor After Pushing for More Military Spending

A $50,000-$100,000 purchase of stock in weapons contractor Raytheon was listed by Jim Inhofe, according to a financial disclosure report, days after pushing the Trump administration for more Defense Department spending.

The Senate Armed Services Committee chairman, Sen. Inhofe of Oklahoma, blamed his investment firm for the purchase of tens of thousands of dollars in Raytheon stock. The Oklahoma senator said he uses a third-party adviser so he doesn’t have any decision or any choice in what they invest in.

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The purchase raises conflict of interest questions because Inhofe is the leader of the committee that approves the Pentagon’s budget. Inhofe recently took over the chairmanship of the committee after the death of John McCain.

 

 

Photos from the top: “Stinger Demo” by Dennis van Zuijlekom is licensed under CC BY-SA 2.0 and “Jim Inhofe” by Gage Skidmore is licensed under CC BY-SA 2.0