While most of the political world and many Senate campaigns remain virtually frozen right now, one story related to the current coronavirus pandemic is roiling the special election in Georgia.
Republican Sen. Kelly Loeffler was already facing a tough race after being appointed at the beginning of the year to fill the seat vacated by Johnny Isakson. Only weeks after being sworn in, GOP Rep. Doug Collins announced he would challenge her from the right, while national Democrats quickly coalesced behind Rev. Raphael Warnock on the left.
Now, reports that Loeffler sold off around $20 million in stocks shortly after a briefing on the COVID-19 threat have put her in an untenable position, making her efforts to win the November special election more difficult and putting her at a distinct disadvantage for now.
Loeffler and her husband, Jeffrey Sprecher — whose company Intercontinental Exchange (ICE) owns the New York Stock Exchange — are worth more than $500 million, which immediately made her the wealthiest senator. Almost a month ago now, The Daily Beast was first to report
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