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Rep. Donna Shalala. Photo: Jacquelyn Martin-Pool/Getty Images

Rep. Donna Shalala (D-Fla.) told CBS Miami on Wednesday that she made a mistake by not reporting at least six stock sales she made after she was elected to the House in 2018.

Why it matters: The transactions were only revealed when House Speaker Nancy Pelosi appointed Shalala to a committee conducting oversight on the hundreds of billions of dollars being provided to companies through the coronavirus relief bill.

Catch up quick: After she was elected to Congress in November 2018, Shalala sold off stocks in companies like Boeing, Alaska Airlines, Chevron, Conoco, and AMC, the Miami Herald first reported.

  • Shalala said she did so to avoid potential conflicts of interest, but she did not disclose them within 45 days, as is required by the STOCK Act.
  • “It was my mistake and I take full responsibility,” Shalala told CBS Miami Wednesday. “I missed the deadlines. And I have to take responsibility, personal responsibility for doing that. No one else is responsible except for me.”

What to watch: Shalala said she doesn't believe the revelations will change her standing on the committee. She added that she contacted the House Ethics Committee and is open to an inquiry and whatever disciplinary action they deem necessary.

  • “Whatever they think is appropriate,” Shalala said. “Whether it’s a financial penalty or anything else. I’m really sorry I missed those deadlines in the process of trying to do the right thing.”

Go deeper

Dan Primack, author of Pro Rata
8 mins ago - Economy & Business

The Leon Black clock strikes midnight

Illustration: Sarah Grillo/Axios

Leon Black is "retiring" as CEO of Apollo Global Management, the alternative investment giant he has led since co-founding it in 1990. But he is not making a full break, as Black will remain chair of Apollo's board of directors.

Why it matters: This is the culmination of 18 months of head-in-the-sand obfuscation of Black's dealings with Jeffrey Epstein.

Reddit traders look to pummel Wall Street's old guard

Illustration: Sarah Grillo/Axios

Reddit traders are taking on Wall Street pros at their own game with this basic mantra: Stocks will always go up.

Why it matters: Their trades — egged on in Reddit threads — have played a role in historic market activity in recent days.

The week the Trump show ended

Data: NewsWhip; Chart: Andrew Witherspoon/Axios

Donald Trump was eclipsed in media attention last week by President Biden for the first time since Trump took office, according to viewership data on the internet, on social media and on cable news.

Why it matters: After Trump crowded out nearly every other news figure and topic for five years, momentum of the new administration took hold last week and the former president retreated, partly by choice and partly by being forced off the big platforms.