News Coverage
New York Times: Dept. of Justice being asked to investigate Disney, Fox, Warner Bros joint venture
Sens. Elizabeth Warren and Bernie Sanders and Rep. Joaquin Castro have sent a letter to the Department of Justice asking it to investigate and potentially prevent Disney, Fox and Warner Bros' from starting a joint venture that will combine the resources of ESPN, Fox Sports and TNT Sports in a direct-to-consumer streaming service called Venu Sports. In the letter, obtained by The Athletic, the three Democrats urged the Department of Justice to examine Venu Sports "and oppose it if it violates … Continue Reading
July 31, 2024
Warren urges the Fed to “follow the data”
As top Fed officials meet again on Wednesday to discuss whether to cut interest rates — the consensus is that they won’t yet — a trio of Democratic senators, led by Elizabeth Warren of Massachusetts, is urging the central bank to move faster. In a letter sent on Tuesday to Jay Powell, the Fed chair, that DealBook is first to report on, the lawmakers say that avoiding a cut now would give in to calls from some Republicans to refrain from taking such an action before the election in … Continue Reading
July 10, 2024
The Guardian: Senators accuse JPMorgan’s Jamie Dimon of backtracking on climate commitments
JPMorgan Chase, the world’s biggest investor in fossil fuels, may have misled investors and the public by backtracking on its already weak climate and environmental commitments, six US senators have warned in a letter to the CEO Jamie Dimon. Although a climate-disrupted world demands stronger action by the financial sector to reduce emissions and protect nature, the Wall Street firm is heading in the opposite direction, say the upper chamber legislators, who include Senate banking committee … Continue Reading
July 10, 2024
The Hill: Lawmakers call for Pentagon to address ‘poor’ military housing conditions
A bipartisan group of lawmakers on Wednesday called for the Defense Department to address "poor living conditions" at military houses for servicemembers and their families, pointing to particular concerns with private companies that oversee housing with what the congressional group considers to be unfair contracts. In a letter to Defense Secretary Lloyd Austin, lawmakers said the military's "decades-old, terrible deals with private companies to provide military housing" has failed … Continue Reading
July 01, 2024
Roll Call: Lawmakers request review of two defense industry acquisitions
Three liberal Democrats pressed the Biden administration in writing on Sunday to “closely scrutinize” a pair of defense industry acquisitions to ensure they don’t worsen “price gouging” on military spare parts. The letter, obtained by CQ Roll Call, was sent to leaders at the Pentagon, Justice Department and Federal Trade Commission by Sen. Elizabeth Warren of Massachusetts and Reps. John Garamendi of California and Mark Pocan of Wisconsin. Warren and Garamendi are Armed Services Committee … Continue Reading
October 06, 2021
New York Times: Lawmakers seek details on accounting firms after a New York Times report
Two Democratic lawmakers are seeking information from the country’s biggest accounting firms about the revolving door between the firm’s tax departments and top positions at the Treasury Department. Senator Elizabeth Warren of Massachusetts and Representative Pramila Jayapal of Washington made the request after The New York Times detailed how multinational accounting firms effectively draft tax rules from inside the government that benefit their clients. The Times found at least 35 … Continue Reading
October 06, 2021
Bloomberg: Warren Says Facebook Funds ‘Dark Money,’ Undermines Democracy
Senator Elizabeth Warren accused Facebook Inc., along with other social media giants, of using their wealth to exert influence on Washington in a way that undermines the democratic system.“The loudest voice in this hall is Facebook and the other giant corporations, they hire the lobbyists, they make the big campaign contributions. And even more importantly, they fund dark money -- the part that, you never even see their fingerprints on it,” Warren, a Massachusetts Democrat, said in an … Continue Reading
October 04, 2021
Truthout: Warren Introduces Bill to Protect Bank Customers, Small Banks From Consolidation
On Thursday, Sen. Elizabeth Warren (D-Massachusetts) introduced a bill that would reform the way the government authorizes bank mergers. The proposal is an effort to stop the endless “rubber stamping” of bank consolidation, which Warren argues comes at the expense of customers and small banks.The Bank Merger Review Modernization Act, introduced with Rep. Jesús “Chuy” García (D-Illinois), would strengthen rules for the authorization process for bank mergers, in hopes of ensuring that future … Continue Reading
October 04, 2021
New York Times: Elizabeth Warren Calls for an insider trading inquiry at the fed
Senator Elizabeth Warren, Democrat of Massachusetts, called on Monday for an investigation into whether top Federal Reserve officials engaged in insider trading in 2020, when some bought and sold securities that could have benefited from central bank policy moves.Ms. Warren, a powerful lawmaker who sits on the committee that oversees the Fed, sent a letter to the Securities and Exchange Commission chair, Gary Gensler, asking him to look into transactions that three central bank officials … Continue Reading
October 01, 2021
Deadline: Sen. Elizabeth Warren Stands With IATSE Members “All The Way In This Fight” For A Fair Contract
?Sen. Elizabeth Warren said in a video released today that she stands “shoulder-to-shoulder” with IATSE members as they vote for a strike authorization, and that she is with them “all the way in this fight.”“I’m glad to stand with @IATSE in their fight for a fair contract,” the Massachusetts Democrat said in an accompanying tweet (see it below). “Giant film and entertainment companies make billions of dollars in profits each year and the least they can do is ensure their workers have livable … Continue Reading
September 30, 2021
Huffington Post: Elizabeth Warren Unveils Bill To Document Indian Boarding School Atrocities
Sen. Elizabeth Warren (D-Mass.) unveiled legislation on Thursday that would establish a formal commission to document the U.S. government’s ugly, decades-spanning policy of removing Native American children from tribal lands and forcing them into boarding schools to assimilate them into white culture.The bill, the Truth and Healing Commission on Indian Boarding School Policies in the United States Act, would put a spotlight on what exactly the government did to try to wipe out Indigenous … Continue Reading
September 28, 2021
New York Times: With his reappointment on the line, Elizabeth Warren calls Jerome Powell ‘a dangerous man.’
Senator Elizabeth Warren, Democrat of Massachusetts, blasted the Federal Reserve chair, Jerome H. Powell, for his financial regulation track record and said that she would not support him if the White House renominated him, calling him a “dangerous man to head up the Fed.”Mr. Powell’s term as head of the central bank ends in early 2022, and the Biden administration is considering whether to reappoint him. Mr. Powell, a Republican, was nominated to the Fed’s Board of Governors by former … Continue Reading
September 22, 2021
USA Today: Cori Bush, Elizabeth Warren will introduce bill to give HHS power to impose eviction moratoriums
Liberal lawmakers will introduce legislation this week that would give the Department of Health and Human Services the authority to create federal eviction moratoriums - pushing back against a ruling by the Supreme Court that the agency does not have the authority to do so. The legislation, sponsored by Rep. Cori Bush, D-Mo., and Sen. Elizabeth Warren, D-Mass., comes weeks after the high court blocked the Biden administration's eviction moratorium, ruling the Centers for Disease Control and … Continue Reading
September 16, 2021
Wall Street Journal: Elizabeth Warren Calls On Fed Banks to Bar Leaders From Stock Trading
Sen. Elizabeth Warren (D., Mass.) is calling on regional Federal Reserve Banks to set rules that would prevent their leaders from trading individual stocks, following recent disclosures that the chiefs of the Boston and Dallas banks actively traded stocks and other investments last year.“The controversy over asset trading by high-level Fed personnel highlights why it is necessary to ban ownership and trading of individual stocks by senior officials who are supposed to serve the public … Continue Reading
September 15, 2021
Business Insider: Elizabeth Warren says states need more power to rein in student-loan companies: 'They should face consequences'
Last month, the Education Department reversed a Trump-era policy that prevented states from regulating student-loan companies. Massachusetts Sen. Elizabeth Warren lauded the reversal, but she wants states to be able to do even more to protect borrowers from student-loan abuses."The world has changed for student-loan-debt servicers," Warren told Insider. "They can't sign a contract, do a lousy job, cost borrowers tons of money, and still get their contracts renewed."Last week, Warren and Ohio … Continue Reading
September 15, 2021
Boston.com: Warren introduces bill to honor 13 service members killed in Kabul with Congressional Gold Medals
Senator Elizabeth Warren is introducing a bill to honor the 13 service members killed in a Kabul suicide bombing with Congressional Gold Medals.“These individuals demonstrated incredible courage throughout their careers, and we owe it to them to pass legislation to recognize their heroic service with the Congressional Gold Medal,” Warren said in a statement.The 13 service members were killed at Kabul airport during a suicide bombing on Aug. 26 amid the withdrawal of US troops from … Continue Reading
September 14, 2021
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