1. United States
2. Texas
3. Letter

“On Tuesday, Charles Gorrivan, Lydia Beyoud, and Nicola M. White of Bloomberg reported that on March 23, a few traders placed billions of dollars of contracts predicting that the price of oil would fall just 15 minutes before Trump posted on his social media platform that he had changed his mind about striking Iranian power plants. The deals were worth billions, and analysts from the U.S. Commodity Futures Trading Commission (CFTC) flagged the traders and the deals and sent a referral to the Division of Enforcement to decide whether to open an investigation into insider trading. But in a virtually unheard-of move, the administration asked the CFTC to withdraw the referral. The journalists note both that there have been many trades apparently tied to Trump’s announcements and that between a 20% cut to CFTC staff during Trump’s second term and the agency chair’s vow to curb “over-zealous regulation,” enforcement actions have dropped dramatically from the numbers during the Biden administration .” -Heather Cox Richardson Staggering corruption every single day.