News Coverage
New York Times: Elizabeth Warren Asks the Fed to Break Up Wells Fargo
Senator Elizabeth Warren says Wells Fargo has run out of time to fix the many internal problems that have harmed its customers.In a letter to the Federal Reserve chair, Jerome H. Powell, on Monday, Ms. Warren asked the Fed to force the financial giant to break off its core banking activities, like offering checking and savings accounts and loans, from its other financial services.Divorcing Wall Street-centric work — which can include managing investment funds and providing financial market … Continue Reading
September 09, 2021
MassLive: Proposed ballot question could put not only Uber and Lyft drivers but also hotel and retail workers’ jobs at risk, Massachusetts Sen. Elizabeth Warren says
Joining a heated political fight that could decide pay and benefits for more than 200,000 gig economy workers, U.S. Sen. Elizabeth Warren on Wednesday warned that a proposed ballot question would harm scores of workers beyond the app-based drivers at its center.Warren gathered with organized labor leaders and the Coalition to Protect Workers’ Rights at a rally in Brighton, where she called on the initiative petition’s corporate backers to cease their campaign and slammed their effort as … Continue Reading
September 09, 2021
WPRI: Sen. Elizabeth Warren’s red line on budget talks: ‘We must have a child care bill’
U.S. Sen. Elizabeth Warren said Wednesday she remains confident Democrats in Congress will soon reach agreement on a far-reaching budget bill despite significant disagreements, while making clear she has no higher priority than additional funding for child care.In a wide-ranging interview with 12 News at the University of Massachusetts Dartmouth ahead of a town hall Wednesday night, the second-term Massachusetts Democrat said there are a host of issues she wants to see tackled in the final … Continue Reading
September 08, 2021
New York Times: Elizabeth Warren asks Amazon to ‘stop peddling misinformation about Covid vaccines and treatments.’
U.S. Sen. Elizabeth Warren said Wednesday she remains confident Democrats in Congress will soon reach agreement on a far-reaching budget bill despite significant disagreements, while making clear she has no higher priority than additional funding for child care. In a wide-ranging interview with 12 News at the University of Massachusetts Dartmouth ahead of a town hall Wednesday night, the second-term Massachusetts Democrat said there are a host of issues she wants to see tackled in … Continue Reading
September 02, 2021
Boston Globe: Mass. political leaders slam Supreme Court for allowing Texas abortion law to remain in force
Politicians in Massachusetts on Thursday blasted the US Supreme Court for allowing a highly restrictive abortion law in Texas to stand, dashing the hopes of abortion providers and others who’d filed an emergency appeal with the high court asking the panel to block the measure.“The data is clear: the majority of Americans support #RoeVWade,” US Senator Elizabeth Warren, a Cambridge Democrat and former presidential candidate, tweeted on Thursday morning, following the high court’s 5-4 decision … Continue Reading
August 10, 2021
Boston Globe: ‘Our work isn’t done’ - Warren, Markey say $1 trillion infrastructure package just the opening act
The trillion-dollar infrastructure bill that the US Senate passed Tuesday will direct $8 billion to Massachusetts for various projects if the measure ultimately becomes law, Senator Ed Markey’s office said Tuesday.Markey’s office provided that eye-popping tally, as well as a breakdown of the disbursals, in a statement shortly after he and his colleagues passed the bill by a 69-30 tally, sending the measure to the House of Representatives. The House must also pass the bill before it’s sent to … Continue Reading
August 09, 2021
New York Times: Elizabeth Warren plans to propose a minimum tax on the profits of the nation’s richest companies.
Senator Elizabeth Warren of Massachusetts and her allies will propose a minimum tax on the profits of the nation’s richest companies, regardless of what they say they owe the government, as part of Democrats’ $3.5 trillion economic and social-policy package.Ms. Warren’s so-called "real corporate profits tax” was a key part of her presidential campaign, and she has enlisted Senator Angus King, the Maine independent, to help press her case that profitable companies should be taxed, regardless of … Continue Reading
August 02, 2021
Teen Vogue: Elizabeth Warren Talks Voting Rights, Abortion Access, and Ending the Filibuster
Elizabeth Warren is worried. About access to the ballot box, about access to abortion, about “the fundamental freedoms in this country.” Since ending her presidential campaign over a year ago, Warren has maintained her place as a leading progressive voice in the Senate, speaking out against the Supreme Court nomination of Justice Amy Coney Barrett, and cosponsoring legislative reforms like the For the People Act, The John Lewis Voting Rights Act, and the Women's Health Protection Act, federal … Continue Reading
July 28, 2021
CNBC: Elizabeth Warren makes fresh push for wealth tax – ‘Yes, Jeff Bezos, I’m looking at you’
Sen. Elizabeth Warren on Wednesday reignited her push for a tax on the wealth of the richest Americans and called out billionaire Amazon founder and space-tourism magnate Jeff Bezos for what she views as his failure to pay his fair share. “I want to see us tax wealth, however your wealth is tied up. It shouldn’t make a difference whether you have real estate, or whether you have cash or whether you have a bazillion shares of Amazon. Yes, Jeff Bezos, I’m looking at you,” the Massachusetts … Continue Reading
July 27, 2021
Business Insider: Interview: Elizabeth Warren puts student-loan servicers on notice. The 'days are over' when they could do 'a terrible job.'
Over the span of two weeks this July, two student-loan companies shut down their services. Good, said Massachusetts Sen. Elizabeth Warren, who is holding a Senate hearing on Tuesday to discuss how to best protect borrowers as they transition to new servicers. She told Insider that other companies should consider it a warning."The world has changed for student-loan-debt servicers," Warren said. "They can't sign a contract, do a lousy job, cost borrowers tons of money, and still get their … Continue Reading
July 27, 2021
Huffington Post: Sen. Elizabeth Warren Rips Jeff Bezos For Space Trip While Stiffing IRS
Sen. Elizabeth Warren (D-Mass.) flamed Amazon founder Jeff Bezos for his high-flying trip to space last week after skipping out on his taxes and letting struggling Americans pick up the tab for funding the nation.“The richest guy on Earth can launch himself into space while over half the country lives paycheck to paycheck, nearly 43 million are saddled with student debt, and child care costs force millions out of work. He can afford to pitch in so everyone else gets a chance.”ProPublica … Continue Reading
July 27, 2021
Politico: Warren urges Yellen to crack down on cryptocurrency
Sen. Elizabeth Warren is pressing Treasury Secretary Janet Yellen to rally federal agencies to develop a "coordinated and cohesive regulatory strategy" on cryptocurrencies, which the Massachusetts Democrat says pose growing risks to the financial system.Warren told Yellen in a letter released Tuesday that she should tap the Financial Stability Oversight Council — a panel of top regulators that the Treasury secretary chairs — to "act with urgency."Warren said "cryptocurrencies currently touch … Continue Reading
July 27, 2021
Forbes: ‘Tick Tock, Mr. President.’ Warren, Schumer Urge Biden To Cancel Student Loan Debt As Payment Moratorium Ends
Leading congressional Democrats held a press conference this afternoon, urging President Biden to cancel student loan debt.“Tick tock, tick tock,” said Senator Elizabeth Warren (D-MA), noting that 30 million Americans will have student loan bills due by October as the current moratorium on federal student loan payments comes to an end. “The payment pause is running out, and the size of these payments for many borrowers is the size of their rent or car payment,” which will lead to “hard … Continue Reading
July 23, 2021
Wall Street Journal: Elizabeth Warren Targets Sacklers’ Legal Protection in Purdue Bankruptcy
Sen. Elizabeth Warren is bolstering efforts by Democratic lawmakers to stop the owners of OxyContin maker Purdue Pharma LP from using the company’s bankruptcy to shield themselves from lawsuits blaming them for the opioid crisis.The Massachusetts Democrat is sponsoring a Senate bill set to be introduced next week that calls for prohibiting owners of bankrupt businesses or other individuals who haven’t filed personal bankruptcy from getting so-called nonconsensual third-party releases … Continue Reading
July 22, 2021
Bloomberg: Warren, Brown Criticize Powell’s Approach on Bank Regulation
Senate Banking Chair Sherrod Brown and Senator Elizabeth Warren kept up criticism of Federal Reserve Chairman Jerome Powell over his stance on bank regulation as the Biden administration is turning to the question of whether the central bank chief should be reappointed.“The chairman of the Federal Reserve has two obligations. One, to lead us in monetary policy, and the second, in regulating the largest financial institutions,” Warren told reporters on Capitol Hill when asked whether President … Continue Reading
July 22, 2021
The Hill: Warren: Canceling $50K in student debt could 'transform an entire generation'
Sen. Elizabeth Warren (D-Mass.) is reigniting her push for canceling $50,000 in student debt per borrower, arguing the move could “transform an entire generation.”“It would help nearly everyone who tried to go to college and it didn’t work out - the 40% of student loan borrowers who do not have a college diploma and are truly struggling hard with student loan debt and would help a huge number of public school teachers and firefighters and people who want a chance to get out there and start … Continue Reading
July 21, 2021
Masslive: Student loan forgiveness 2021: Clearing $50,000 in debt can ‘transform an entire generation,’ Massachusetts Sen. Elizabeth Warren says
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 … Continue Reading
July 20, 2021
Reuters: Senator Warren questions Lockheed's antitrust solution to buy Aerojet
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 … Continue Reading
July 19, 2021
Forbes: Fighting Discrimination Has To Be At CFPB’s Forefront Says Elizabeth Warren And Agency’s Leader
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 … Continue Reading
July 19, 2021
American Banker: Warren: CFPB should take a closer look at overdraft fees, crypto
Massachusetts Sen. Elizabeth Warren is widely perceived as the architect of the Consumer Financial Protection Bureau and she used the occasion of the agency's 10th anniversary to call for more robust oversight of cryptocurrency and banks' overdraft practices.“There are so many areas still where the bureau can make a difference,” the Democratic senator said during a virtual event held by several groups, including Americans for Financial Reform, U.S. Public Interest Research Group and the Center … Continue Reading