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Congressional stock trading has fallen off sharply this year, according to an analysis by a popular financial news site and some insiders believe its because US lawmakers are feeling heat from a possible legislative clampdown.

The volume of stock trades made by members of Congress tumbled more than 75% in the nine months of this year to just 1,800 trades versus 8,000 a year earlier, according to data from Unusual Whales. 

Former House Speaker Nancy Pelosi has made just six trades this year as a congresswoman representing San Francisco. Those include selling Roblox shares, buying Apple and Microsoft shares and acquiring a stake in a luxury hotel, according to recent filings.

Thats a steep dropoff from the 39 trades she made in 2022, the 24 trades she made in 2021, and the 38 trades she made in 2020.

A spokesperson for Pelosi did not respond to a request for comment.

While the markets have been bumpy this year, overall trading volume is down just 10%, according to CBOE data, versus the three-quarters plunge inside Congress.

Passing legislation, sources say, is critical to keep Congress from trading again.

If a movement doesnt turn into a law, Congress isnt going to remain scared, Jeff Hauser, founder of nonprofit watchdog the Revolving Door Project, said. The combination of a bill that could pass and the broader conversation acts as a deterrent.

Ethics experts say the another reason may simply be that members dont feel the trades are worth the trouble anymore.

Federal Reserve governors Eric Rosengren and Robert Kaplan resigned after scrutiny of their trades. Now-retired Sen. Richard Burr stepped down as Chair of the Intelligence Committee and now-ex-Sen. James Inhofe resigned after scrutiny of trades. 

It may not be worth the grief, Charles Stewart III, a political science professor at MIT, told On The Money.

The founder of Unusual Whales, who prefers to remain anonymous, notes that members of Congress have lately been far more diligent about filing their trades quickly. The STOCK Act requires members to file their trades within 45 days but members of Congress like Pelosi lately are filing within just a few days.

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There is limited upside and maybe a lot of downside to congressional trading these days, agrees Thomas Hayes, chairman at Great Hill Capital. Shining a light on this has played a big role.

Another issue: Some of the most lucrative, valuable stocks like Google and Amazon which Pelosi had snatched up are presenting an even greater conflict of interest than they did previously.

The tech high flyers that many members wanted to trade in are politically fraught these days a reference to lawsuits both Google and Amazon are facing, Stewart adds.

While some applaud the recent trend, others are more cautious and note stronger laws against stock trading need to be codified. 

Attention helps and attention makes transparency more effective, Jeff Hauser, founder of nonprofit watchdog the Revolving Door Project, said. But even more effective than transparency is strict rules.

As for the question of whether regulators will ever be willing to regulate themselves, the answer is almost always no. Still, Hauser is optimistic that with enough sticks not to mention the dwindling supply of carrots lawmakers could eventually succumb. 

If the momentum grows big enough, it could pass, Hauser said. And it only has to pass one time.

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Brewers edge Cubs to make first NLCS since 2018

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Brewers edge Cubs to make first NLCS since 2018

MILWAUKEE — Perhaps some divine intervention had a hand in the Brewers advancing to the National League Championship Series for the first time since 2018 after they defeated the Cubs in Game 5 of the NL Division Series on Saturday night. More than once, general manager Matt Arnold said he looked “to the heavens” for some inspiration from Brewers icon Bob Uecker, who passed away last offseason.

“I kept saying, ‘Bob, we need you,'” Arnold said in the Brewers’ champagne-soaked clubhouse following the tense 3-1 win. “We know he’s with us.”

Arnold’s prayers were answered as Milwaukee hit three solo home runs while perfectly navigating its own bullpen game — just as the Cubs were attempting to do — holding Chicago to a solo home run. Midseason pickup Andrew Vaughn went deep again, while midseason call-up Jacob Misiorowski pitched the bulk of the game, going four innings and allowing just that one run.

Vaughn, in particular, felt the meaning of the moment more than most. Traded by the Chicago White Sox after a terrible start to his season, he found new life with the Brewers. He compiled a 1.126 OPS in the series, including two home runs.

“The journey has been kind of crazy,” Vaughn said. “But not taking anything for granted. The opportunity to be with this group, it’s changed my life.”

For Misiorowski, it was the first time in 17 appearances, dating back to the regular season, that he didn’t issue a walk. He gave up three hits and struck out three in a masterful performance.

“I think I was giving everything I’ve got,” he said. “And I think I left everything out there.”

The other four Brewers pitchers held the Cubs scoreless.

“It kind of went according to plan,” Brewers manager Pat Murphy said. “But then, we saw [Aaron Ashby] was a little bit not as sharp as he could have been. It’s his fourth time seeing them. And then, Chad Patrick was maybe the player of the game because you don’t expect him to be that good, pitching an inning plus.”

Patrick relieved Ashby during a potential turning point in the sixth. With Milwaukee up 2-1, Ashby gave up a hit and then hit a batter, putting runners on first and second with no outs. But then he threw the pitch of the game, a nasty 98.6 mph fastball on the edge of the zone to Kyle Tucker, who swung and missed on a 3-2 count. Patrick entered next. He got Seiya Suzuki to fly out and caught Ian Happ looking. It was the last rally of the season for the Cubs.

“Ashby made a pretty darned good pitch, 3-2, to Tucker,” Cubs manager Craig Counsell said. “Looked like right down away on the corner. It was a nasty pitch. Seiya had a good at-bat against Patrick. … And then, they got out of it essentially.

“It’s really the only inning you could talk about. We just didn’t do much. We had six baserunners. You’re going to have to hit homers to have any runs scoring in scenarios like that.”

The win completed a back-and-forth series where the home team held serve throughout. The Brewers admitted the environment in Games 3 and 4 in Chicago got to them, allowing the Cubs to even the series after Milwaukee took a 2-0 lead. Would the Brewers give it away like they did in the wild-card round last year when New York Mets star Pete Alonso beat them with a late home run in the deciding game?

Longtime Brewers star Christian Yelich was asked what he learned from that heartbreaking experience.

“Just go at it fearless,” Yelich said during the postgame clubhouse party. “You can’t really lose them tougher than we did last year. So going into the night, you just play with a bunch of freedom. You know you’ve got belief and trust in your teammates that we’re going to be able to get the job done. That’s exactly what we’re able to do.”

The Brewers said all the right things about beating the Cubs, though it had to feel extra special taking down a big-market payroll and Milwaukee’s former manager, who left for greener pastures two years ago. As has become the norm since he took the job in Chicago, Counsell was booed every time he poked his head out of the dugout.

Milwaukee owner Mark Attanasio was asked if he had any doubts about his team continuing its winning ways after Counsell left the organization before the 2024 season.

“I believed in the process and the system and the people,” Attanasio said. “The Cubs were really good this year. It’s just a testament to this whole organization.”

In terms of big-market, high-payroll teams, the Cubs were just the appetizer. Next up for the Brewers are the defending champion Los Angeles Dodgers, who reside in the sport’s second-largest market and own the highest team payroll in the majors, more than $200 million ahead of the Brewers.

“It doesn’t get any more big market and small market than Brewers-Dodgers,” Yelich said with a smile. “We’re up against it. We know it. We love being in those situations. It’s fitting the season for us is going to come down to that series, that team and all that star power. You have the average Joes coming there. We’re going to do what we did all year, compete our asses off, go hard and see what happens.”

Attanasio added: “Let’s go! I can’t wait.”

The Brewers went 6-0 against the Dodgers in the regular season and have home-field advantage in the series, but they will be the decided underdogs. Uecker’s spirit might be needed now more than ever, as taking down the Dodgers despite everything that the Brewers have accomplished will be their toughest task yet.

“I’m grateful for the guys we’ve had in the room,” Murphy said. “They’ve been doubted every year. Everyone. There’s no one predicting the Brewers playing the Dodgers in the series.”

Arnold added: “We’ve been planning for this. You can’t just roll out of bed and play the Dodgers.”

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Bichette off Jays’ ALCS roster; Scherzer, Bassitt on

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Bichette off Jays' ALCS roster; Scherzer, Bassitt on

Toronto Blue Jays shortstop Bo Bichette is not on the roster for the AL Championship Series vs. the Seattle Mariners.

Bichette has not played since spraining his left knee in a collision on Sept. 6. He ran for the first time Wednesday, hit live pitching Friday and appeared to be in some discomfort as he ran the bases for the first time Saturday.

Game 1 against the Mariners is scheduled for Sunday night at Rogers Centre.

Toronto’s offense did not falter without the 27-year-old Bichette in the AL Division Series. The Blue Jays scored 34 runs in the four games and pounded the New York Yankees‘ pitching for 23 runs in the first two contests at home. But Bichette was one of the team’s three best hitters during the regular season.

A free agent this winter, Bichette rebounded from a dreadful, injury-plagued 2024 season in which he posted a .598 OPS in 81 games to his previous All-Star-level form in his platform year. He batted .311 — tied for second in the AL — with 18 home runs, 94 RBIs and an .840 OPS in 139 games, though he was the worst defensive shortstop in the majors as measured by outs above average and defensive runs saved.

Andres Gimenez, previously the team’s starting second baseman, started at shortstop for the Blue Jays in their division series win over Yankees. Utilityman Ernie Clement also played shortstop for Toronto during the regular season after Bichette’s injury.

After carrying just three starters in the AL Division Series and deploying a bullpen game in Game 4, the Blue Jays are carrying both Max Scherzer and Chris Bassitt — who finished the season on the injured list with back inflammation — on the ALCS roster as possible options for length. Both starters threw in a simulated game early in the week at Rogers Centre.

ESPN’s Jorge Castillo contributed to this report.

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Tucker on free agency, Cubs return: ‘We’ll see’

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Tucker on free agency, Cubs return: 'We'll see'

With the Chicago Cubs‘ season having come to an end, the questions about Kyle Tucker‘s future can start.

One of the most coveted players on the market entering free agency, the outfielder said after Saturday’s loss in Game 5 of the National League Division Series to the Milwaukee Brewers that he isn’t sure what’s next.

“We’ll see what happens,” said Tucker, who could command a contract in the $400 million range in free agency after agreeing to a $16.5 million deal to avoid arbitration this season. “I don’t know what the future is going to hold. If not, it was an honor playing with all these guys and I wish everyone the best of luck, whether it’s playing next year or not with them. It’s a really fun group to be a part of.”

The addition of Tucker, who was acquired via trade from the Houston Astros prior to this season, buoyed the Cubs’ hopes of a deep postseason run. And when Tucker was healthy and rolling early in the season, he was a viable MVP candidate and a catalyst in a dynamic, varied offense.

However, Tucker, who turns 29 in January, suffered a fractured right hand in June and a calf strain in September as the Brewers won the NL Central by five games over the Cubs, who landed the top wild-card spot at 92-70.

After returning from the hand injury, Tucker struggled at the plate, hitting .218 in July and .244 in August.

Still, he slashed .266/.377/.464 for the season with 22 home runs, 73 RBIs and 25 steals in 136 games while earning an All-Star nod for the Cubs. He returned in time for the playoffs and was 7-for-27 with one home run and one RBI.

“He meant a lot,” first baseman Michael Busch told reporters. “The consistency of at-bat, getting on base and driving [in runs]. He’s just as complete of a hitter as you can get. I think putting him in any lineup, he’s going to be right up at the top. I think he’s one of the best hitters in the game. He can change that lineup just with putting him in there.”

But the Cubs and Tucker, who is represented by Excel Sports Management, never came to an agreement on a long-term deal as the season unfolded.

“I don’t really know right now,” Tucker said when asked if the Cubs have an advantage in signing him as a free agent. “I was more worried about the game tonight and everything. I’ll kind of get through this today and worry about that a little later.

“I think this team is really, really talented. A great group of guys. And I can definitely see this team having a lot of success in the future.”

ESPN’s Jesse Rogers and Bradford Doolittle contributed to this report.

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