Warren pushes for Hegseth's wife to divest from defense company stocks
Sen. Elizabeth Warren (D-Mass.) sent a letter Friday to President-elect Trump's Defense secretary pick, Pete Hegseth, asking for his wife to divest from thousands of dollars worth of stock she holds in defense company stocks, calling it a conflict of interest.
Warren said she found Hegseth's wife, Jennifer Rauchet, holds stock in top defense contractors like Northrop Grumman Corp., Lockheed Martin Corp., Honeywell International, IBM, and Microsoft, along with smaller contractors and also large companies like Oracle, Google, Thermo Fisher Scientific, T-Mobile, Mastercard, Danaher Corp., and Pepsi.
In the letter, obtained exclusively by The Hill, Warren noted Defense Department policy prohibits certain stock investments for appointed roles.
The threshold for divestment is when it exceeds $15,000, according to the Office of Government Ethics.
Rauchet owns $15,000........
© The Hill
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