News Coverage
CNBC: Sen. Elizabeth Warren: DOGE’s FDIC firings put banking system at risk
In response to a request from Sen. Elizabeth Warren, the Federal Deposit Insurance Corp. will review President Donald Trump’s recent move to lay off more workers at the watchdog agency. Backed by the Trump administration, Elon Musk and his advisory group, the Department of Government Efficiency, reduced the FDIC staff by around 1,000 employees so far this year through buyout offers and the layoffs of probationary employees, according to reports. The additional firings were part of a larger … Continue Reading
February 20, 2025
Variety: Disney-Fubo Deal Raises Antitrust Concerns, Senator Says
Sen. Elizabeth Warren has urged the Justice Department to carefully scrutinize Disney‘s deal to acquire a controlling stake in Fubo, saying the consolidation presents antitrust concerns. Disney announced in January that it would merge its Hulu + Live TV service with Fubo and take 70% ownership of the combined company. A few days later, Disney, Fox and Warner Bros. Discovery dropped their plans to launch Venu Sports, a combined streaming service. In a letter to the DOJ’s Antitrust Division, … Continue Reading
February 20, 2025
Punchbowl News: Can Senate Republicans pull off permanent tax cuts?
President Donald Trump dealt Senate Republicans a blow Wednesday in the seemingly never-ending struggle over how to move his agenda on Capitol Hill. Trump sided with the House GOP’s reconciliation roadmap right as the Senate began floor consideration of its own plan. However Congress decides to package top GOP priorities — one bill, two bills — Senate Republicans are gearing up for an arguably more consequential fight on the substance of the legislation. Senate GOP leaders have drawn a red … Continue Reading
February 19, 2025
Bloomberg: DOGE Staffers at CFPB Raise Ethics Concerns, Warren Says
A pair of Senate Democrats demanded Department of Government Efficiency staffers associated with Elon Musk vacate the Consumer Financial Protection Bureau, saying their presence undermines an agency responsible for regulating the billionaire's yet-to-be-released payments venture. Senators Elizabeth Warren and Adam Schiff said Musk is "not only neutralizing the pro-consumer agency that will supervise X's digital wallet - he is also potentially gaining access to confidential corporate data that … Continue Reading
February 18, 2025
Washington Post: The ‘big, beautiful bill’
Democrats say they're starting to find their footing to push back against Trump's massive tax, immigration and defense bill. And their line of attack is simple: This bill won’t lower prices. "You promised the American people that you would immediately lower costs, 'starting on Day One.’ However, weeks into your presidency, congressional Republicans are moving forward with legislative plans to increase the cost of living for hardworking Americans," 32 Senate Democrats wrote Tuesday morning in … Continue Reading
February 18, 2025
Boston Globe: As Cerberus CEO faces Senate confirmation for Trump post, Warren seeks answers on Steward
The chief executive of the private equity group that yielded a roughly $800 million profit from its investment in Steward Health Care is set to face the US Senate soon in his bid to serve as a top official at the Pentagon, and his company’s involvement in the now-troubled hospital chain is drawing scrutiny. The extent of Cerberus Capital Management chief executive Stephen Feinberg’s involvement with Steward were among the questions Senator Elizabeth Warren posed in a letter sent Monday night … Continue Reading
February 17, 2025
CBS News: Elon Musk's DOGE presence at the IRS raises concerns about taxpayer data security, refund delays
The presence of Elon Musk's cost-cutting task force, the Department of Government Efficiency, at the IRS is sparking fresh concerns from Democratic lawmakers about the safety of taxpayer information, and whether the group's work could cause delays in taxpayers receiving their refunds. In a Feb. 17 letter to the IRS, Senators Ron Wyden and Elizabeth Warren, both Democrats, cited reports that DOGE is "pressuring the IRS to agree to a memorandum of understanding ("the MOU") which would give … Continue Reading
February 14, 2025
THE TAX ADMIN SURGE
Sens. Bill Cassidy (R-La.) and Elizabeth Warren (D-Mass.) are introducing legislation early next week that would simplify math error notices that the IRS sends to taxpayers. The corrections made by the IRS frequently reduce taxpayers' refunds. But Warren, Cassidy, the national taxpayer advocate and other lawmakers from both parties also believe the math error notices don't supply enough information to recipients, and that the IRS should be forced to tell taxpayers that they have 60 days to … Continue Reading
February 14, 2025
Axios: Scoop: Senate Dems target Trump and DOGE on counterterrorism
Top Senate Democrats are demanding the Trump administration reveal whether its federal hiring freeze has impacted national security operations, Axios has learned. Why it matters:Democrats on Capitol Hill are still trying to wrap their arms around the extent of President Trump's cuts into federal agencies in the opening weeks of his second term. A trio of Senate Democrats wants to know whether the Treasury Department has frozen hiring or eliminated positions in its Office of Terrorism and … Continue Reading
February 14, 2025
ABC News: Democratic senators want more details on costs and impact of border mission
After senior U.S. military officials told Congress they do not know yet how much the surge of active-duty military forces to the southern border with Mexico and the buildup of infrastructure to house thousands of migrants at Guantanamo might end up costing, two Democratic senators on Friday requested more details from the Pentagon. Following a Senate Armed Services Committee hearing on Thursday with the commanders of U.S. Northern Command and U.S. Southern Command, Sens. Mazie Hirono, … Continue Reading
February 14, 2025
Politico Pro: Watchdogs probe DOGE's access to Treasury payments system, Musk's fraud allegations
Two government watchdogs have opened inquiries related to Treasury Secretary Scott Bessent's decision to allow associates of Elon Musk's Department of Government Efficiency team to access the federal government’s systems that control trillions of dollars of payments. Loren Sciurba, Treasury’s acting inspector general, said in a letter to lawmakers on Thursday that the watchdog had started an audit of the "adequacy of controls" over sensitive payment systems over the past several months. The … Continue Reading
February 14, 2025
AP: Elon Musk’s DOGE seeks access to taxpayer data at IRS
Elon Musk's Department of Government Efficiency is seeking access to troves of sensitive taxpayer data at the IRS, two people familiar with the inner workings of the plan who were not authorized to discuss the matter publicly told The Associated Press on Monday. If successful, Musk and his group would have access to millions of tightly controlled files that include taxpayer information, bank records and other sensitive records. The people who spoke to the AP and requested anonymity said DOGE … Continue Reading
February 13, 2025
Rolling Stone: Dr. Oz Could Decide If Pregnant Patients Get Emergency Care In Anti-Abortion States
Dr. Mehmet Oz, the former heart surgeon who rose to prominence dispensing dubious medical advice on TV, is expected to appear before the Senate's Committee on Finance this month for hearings on his nomination to lead the Centers for Medicare and Medicaid Services under President Donald Trump. CMS oversees Medicare coverage for some 65 million Americans, and provides support for an additional 79 million covered by state-administered Medicaid and CHIP programs. It's a massive portfolio - and … Continue Reading
February 13, 2025
Bloomberg: Senator Warren Calls on Musk to Reveal Conflicts of Interest
Democratic Senator Elizabeth Warren is calling on billionaire Elon Musk to publicly release his financial disclosure forms, which would detail any potential conflicts of interest as he rapidly reshapes the federal government. Warren, alongside Democratic Senators Adam Schiff and Richard Blumenthal, on Thursday sent a letter to Musk urging him to "immediately" make public details about his sources of income, stock holdings, and other assets. "Without that information, the American people have … Continue Reading
February 13, 2025
The 19th: Anti-abortion centers face little regulation. The SAD Act could change that.
Democratic lawmakers are pushing for the federal government to better regulate anti-abortion centers, facilities that seek to dissuade people from terminating their pregnancies, The 19th is first to report. The Stop Anti-Abortion Disinformation (SAD) Act will be reintroduced Thursday by Massachusetts Sen. Elizabeth Warren and Rep. Suzanne Bonamici of Oregon. The bill aims to empower the Federal Trade Commission to regulate these often religiously affiliated centers - which are not medical … Continue Reading
February 12, 2025
Wall Street Journal: Warren, Waters Warn Bank Regulators Against Aiding ‘Unlawful’ DOGE Actions
Key Democrats are calling on the heads of the Federal Reserve, the Federal Deposit Insurance Corp. and others to safeguard the sensitive data they hold after the Trump administration threw one of the nation’s banking regulators into turmoil. In their Wednesday letter, which was earlier reported by The Wall Street Journal, Sen. Elizabeth Warren (D., Mass.) and Rep. Maxine Waters (D., Calif.) said they thought that recent access by Elon Musk’s Department of Government Efficiency into the … Continue Reading
February 12, 2025
Boston Globe: Markey, Warren demand clarity on NIH, NSF funding amid Trump administration cuts
In a strongly worded letter, US Senators Ed Markey and Elizabeth Warren on Wednesday demanded clarity from the heads of the National Institutes of Health and National Science Foundation on the funding status of the two agencies, after a judge temporarily blocked the Trump administration's effort to drastically reduce federal support for biomedical research. "The NIH and NSF are the largest public funders of research in the United States - fueling the development of lifesaving treatments for … Continue Reading
February 12, 2025
ABC News: Democrats vow to fight shutdown of consumer watchdog agency
A group of 191 House and Senate Democrats sent a letter to Russell Vought, the newly installed director of the Office of Management and Budget, and Treasury Secretary Scott Bessent, calling on them to reverse course on actions targeting the nation's consumer financial watchdog agency. The Consumer Financial Protection Bureau (CFPB) was created by Congress in the wake of the 2008 financial crisis to safeguard Americans against unfair business practices. It has been brought to a virtual … Continue Reading
February 11, 2025
Business Insider: Elizabeth Warren lays out 3 things on the line for student-loan borrowers ahead of Trump's Education Department pick facing Congress
Two Democratic lawmakers want President Donald Trump's education secretary nominee to come prepared with ideas to protect student-loan borrowers ahead of her appearance in Congress this week. Linda McMahon, Trump's pick to lead the Department of Education, is scheduled to have her confirmation hearing on Thursday. In their first preview of how they plan to approach the hearing, Democratic Sens. Elizabeth Warren and Andy Kim sent a letter to McMahon on Tuesday — exclusively viewed by Business … Continue Reading
February 11, 2025
CNBC: Sen. Elizabeth Warren: Current FDIC staffing shortages ‘threaten the safety and soundness of the banking system’
Sen. Elizabeth Warren is urging the Federal Deposit Insurance Corporation to reevaluate the decision to rescind more than 200 job offers to bank examiners in the wake of President Donald Trump's federal hiring freeze. The FDIC is already severely understaffed, which "threatens the stability of the banking system," Warren, D-Mass., explained in a letter sent Monday to Inspector General Jennifer Fain and shared exclusively with CNBC. In the letter, also signed by Sen. Raphael Warnock, D-Ga., … Continue Reading