Is The House Ways And Means Committee Insider Trading?

By Greg Morcroft
on June 19 2014 7:50 AM

Wall Street and Washington don’t like each other all that much but they need each other, and investigations into their relationship rarely reach the level they’ve hit this week as federal prosecutors subpoenaed the powerful Ways and Means Committee and a congressional health care aide.

At issue is how a government decision about how it funds Medicare made it to a handful of stock traders who turned the news into profits ahead of the decision.