Elizabeth Warren is looking for more than incremental change. She wants generational.The Massachusetts senator is pushing the Biden administration to implement a multi-part response to lowering the student debt burden on the nation’s young adults and seeks free options for future generations.Federal student loan payments and interest are set to resume Oct. 1 following a pause implemented by the Trump administration during the pandemic. The administration’s pause was extended through Sept. 31 by President Joe Biden who signed an executive order on his first day in office.… Continue Reading
U.S. Senator Elizabeth Warren has asked the Federal Trade Commission to take a tougher look at defense industry mergers, questioning a proposal from Lockheed Martin that would allow it to buy the biggest independent maker of rocket motors, Aerojet Rocketdyne Holdings.The Democratic senator, who has a keen interest in corporate behavior, asked the FTC to examine the premise and efficacy of internal firewalls like those Lockheed proposes to prevent it from gaining a competitive advantage over peers once the deal closes, according to a July 16 letter seen by Reuters.… Continue Reading
Fighting racial discrimination needs to be at the forefront of everything the Consumer Financial Protection Bureau does, Senator Elizabeth Warren (D-MA) and the agency’s current head CFPB Acting Director David Uejio said Monday.Their assertions came at a webinar on the agency’s 10th anniversary hosted by a number of groups that helped lobby it into being including Americans for Financial Reform, U.S. PIRG, the Consumer Federation of America, and the National Consumer Law Center.Discrimination gets to the heart of the bureau, said who came up with the idea for the consumer bureau when she was a Harvard University law professor.… Continue Reading
United States Senator Elizabeth Warren
(D-Mass.) today released a new staff report, “The Big
Escape: How the Ultra-Wealthy Avoid Paying Taxes and How to
Fix It.” Massive corporations and America’s wealthiest households are
using extraordinary loopholes and increasingly complex schemes to avoid paying
their fair share in taxes. This new report examines the effects of two
proposals from Senator Warren to fix our broken tax system and raise revenue:
the Ultra-Millionaire
Tax and the Real
C… Continue Reading
United States Senators Elizabeth Warren
(D-Mass.) and Deb Fischer (R-Neb.) today applauded the unanimous passage of their
bipartisan resolution to designate September 2021 as Polycystic Ovary
Syndrome Awareness (PCOS) Month.“Polycystic Ovary Syndrome affects the lives of millions of people across
the United States, and for the past four years, my colleagues and I have
introduced this resolution to raise awareness about the need for further
research, improved treatment, and a cure,” Senator… Continue Reading
— Following troubling
reports that two regional Federal Reserve Bank (Fed) Presidents made
extensive stock trades in 2020 as the Fed took extraordinary actions to address
the COVID-19 pandemic, United States Senator Elizabeth Warren (D-Mass.), chair of
the Senate Banking, Housing, and Urban Affairs Subcommittee on Economic Policy,
called on the 12 regional Fed Presidents to adopt stricter ethics rules that
prohibit individual stock trading by them and their staff. Last week, reports
emerg… Continue Reading
Now that the Senate has passed a budget resolution, we’re one step closer to realizing President Biden’s transformational agenda: a once-in-a-generation investment in child care and Medicare, combating climate change and other efforts that would actually make our government work for families. The other half of the package — how to pay for these investments — is equally important.The already huge gap between the 0.1 percent and everyone else is just getting wider. Billionaire wealth surged by $1.8 trillion from the early days of the pandemic through last month. The 400 richest Americans had more total wealth, as of 2019, than all 10 million Black American households, plus a quarter of Latino households, combined. Yet the ultrarich pay only 3.2 percent of that wealth in taxes, while 99 percent of families pay 7.2 percent. And scores of giant U.S. corporations pay zero.I’ve proposed measures that would raise more than $5 trillion in revenue — far more than we need to enact the Biden plan.… Continue Reading
In early April 2020, just as wave after wave of coronavirus cases were hitting the United States and hospitals in hot spots were worried about being overrun with sick and dying people, I set up a conference call with a big group of Massachusetts nurses. They were working long hours, there were no known COVID-19 treatments, and they were watching their patients die alone. I’d also heard terrible stories about the shortage of face masks and other protective gear. Let’s be clear: If nurses can’t do their jobs, then the whole health care system breaks down and all of America is at risk.I thanked the nurses and said I agreed with everyone in our country who had been calling them “heroes.” There were some polite responses, and then I asked the obvious question: What do you need so you can do your jobs? The first answer: child care. Another chimed in, saying, Yeah, we need child care. And then the dam broke, with the nurses talking over each other. The always-tricky and always-stressful task … Continue Reading
We all want the same things in life: health, security and promising futures for our families. The Covid-19 pandemic has made it clear how caregivers -- including child care, home care and nursing home workers -- are essential to achieving this vision. But families struggle to afford care, while care jobs remain undervalued, understaffed, underprotected and underpaid. It's time for Congress and President Joe Biden to make real change.Caregivers have taken on some of the worst burdens of the pandemic. Home care workers like Joyce Barnes in Virginia described to the Washington Post last April how she was given paper towels and rubber bands to wear as masks and was
expected to buy her own hand sanitizer to use at work. Child care workers like Rosa Carreño in California witnessed a system on the verge of collapse with thousands of fellow providers closing their doors as the costs of care during the pandemic, including the additional staff needed to support distance learning, piled up.The v… Continue Reading
