News Coverage

November 15, 2018

CNBC: Elizabeth Warren says the Fed is making the same mistakes as before the crisis: 'Deeply worrisome'

by Jeff Cox

Ahead of the financial crisis, a buildup of leverage on bank balance sheets that went largely undetected by regulators helped cause the worst downturn since the Great Depression. Sen. Elizabeth Warrenis afraid the same thing is happening again a decade later.The Massachusetts Democrat said Thursday that she thinks the Federal Reserve and its fellow watchdogs of the financial system are overlooking a dangerous buildup of loans going to companies that are already deeply in debt. The so-called … Continue Reading

November 15, 2018

NBC: Elizabeth Warren's ethics bill is moving to the House. Does the new Democratic Congress want it?

by Benjy Sarlin

WASHINGTON — A sweeping ethics bill by Sen. Elizabeth Warren, D-Mass., is making the jump to the newly Democratic House.Rep. Pramila Jayapal, D-Wash., plans to introduce companion legislation in the coming days that she hopes will become a rallying point for progressives.The Anti-Corruption and Public Integrity Act is headlined by a lifetime ban on lobbying by former lawmakers, presidents and top executive branch appointees, but includes a wide array of additional provisions.Read the full … Continue Reading

October 31, 2018

CNN: Elizabeth Warren: Trump administration letting foreign firms skip tariffs

by Katie Lobosco

Massachusetts Democratic Sen. Elizabeth Warren is questioning the Trump administration's enforcement of steel tariffs, saying that a majority of early waivers granted went to foreign-owned companies.Companies with operations in the United States, but headquartered in Japan and China, were more likely to have their requests granted than American companies seeking relief, according to a review done by Warren's staff of more than 900 decisions made during the first 30 days that responses were … Continue Reading

October 31, 2018

Wall Street Journal: Lawmaker Faults Tariff Waivers’ Fairness

by Josh Zumbrun

WASHINGTON—Shortly after the U.S. first imposed tariffs on steel and aluminum this year, in part to crack down on oversupply from China and its closest trading partners, the Department of Commerce granted exclusions to a handful of Chinese-owned and Japanese-owned companies with U.S. subsidiaries, enabling them to continue duty-free imports of Chinese and Japanese steel. These exclusions are the focus of a letter from Sen. Elizabeth Warren, the Massachusetts Democrat who has been … Continue Reading

October 26, 2018

Slate: Elizabeth Warren’s New Housing Proposal Is Actually a Brilliant Plan to Close the Racial Wealth Gap

by Mehrsa Baradaran and Darrick Hamilton

Last month, Sen. Elizabeth Warren released a $450 billion housing plan called the American Housing and Economic Mobility Act. The proposal is a comprehensive and bold step toward providing affordable housing for the most vulnerable Americans. The bill is the first since the Fair Housing Act with the explicit intent of redressing the iterative effects of our nation’s sordid history of housing discrimination. Critically, it has the potential to make a substantive dent in closing our enormous and … Continue Reading

October 22, 2018

MassLive: Elizabeth Warren touts bill to create 3 million new affordable housing units across US

by Shannon Young

SPRINGFIELD -- With housing authorities struggling to meet demand due to growing waitlists, a low number of available apartments and aging infrastructure, U.S. Sen. Elizabeth Warren, D-Massachusetts, called Monday for the federal government to build 3 million new housing units across the country. Warren, who is up for re-election in November, made her pitch while discussing her proposed "American Housing and Economic Mobility Act" with Western Massachusetts housing officials, elected leaders … Continue Reading

October 18, 2018

CNBC: Elizabeth Warren calls on Fed to maintain growth cap on Wells Fargo until it fires CEO Tim Sloan

by Tucker Higgins

Sen. Elizabeth Warren on Thursday sent a letter to Federal Reserve Chairman Jerome Powell calling on the Fed to maintain its growth cap on Wells Fargo until the bank replaces CEO Tim Sloan.Warren, a consumer advocate who sits on the Senate Banking Committee, has long been Wells Fargo's chief critic in Congress, repeatedly calling for top officials at the lender to be removed.Read the full story on the Wall Street Journal website … Continue Reading

October 17, 2018

CNN Business: Elizabeth Warren wants Toys 'R' Us owners to take care of its 30,000 laid off workers

by Chris Isidore

Senator Elizabeth Warren is urging the companies responsible for the demise of Toys "R" Us to take care of its former employees.Warren, who has said she's considering a run for president in 2020, wrote to five investment firms that had advocated for a liquidation of Toys "R" Us assets and asked them to consider supporting a severance fund.Two of the company's owners, Bain Capital and KKR, have discussed setting up such a fund, according to sources familiar with the discussions. The company's … Continue Reading

October 16, 2018

Wall Street Journal: Elizabeth Warren Takes Aim at Firms That Pulled the Plug on Toys ‘R’ Us

by Gretchen Morgenson and Lillian Rizzo

The decision by five investment companies to pull the plug on a Toys “R” Us reorganization earlier this year is coming under fire from Sen. Elizabeth Warren. In an Oct. 16 letter to the companies, Ms. Warren (D., Mass.) asked why the investment firms had pressed to liquidate the retailer amid viable options to reorganize it and she urged them to contribute to a fund benefiting laid-off employees.  The letter went to executives at Solus Alternative Asset Management, Angelo … Continue Reading

October 04, 2018

Kaiser Health News: Congress Targets Misuse of Hospice Drugs

by Melissa Bailey

Hospice workers would be allowed to destroy patients’ unneeded opioids, reducing the risk that families misuse them, according to one little-noticed provision in the bipartisan opioids bill headed to President Donald Trump’s desk for his likely signature.The bill would empower hospice staff to destroy opioid medications that are expired, no longer needed by the patient because of a change in treatment or left over after the patient dies.A spokesperson for Massachusetts Sen. Elizabeth Warren, … Continue Reading

October 03, 2018

HousingWire: Warren unveils sweeping legislation to address affordable housing crisis

by Alcynna Lloyd

Affordability concerns continue to plague homeowners and renters across the country, forcing organizations and legislators to seek a solution.Sen. Elizabeth Warren, D-Mass., recently introduced a proposal that could potentially ease America’s ongoing affordable housing crisis.The American Housing and Economic Mobility Act, which Warren introduced at the end of September, aims to provide $470 billion for affordable housing trust funds and expand the variety of financial institutions subject to … Continue Reading

September 28, 2018

Fast Company: Elizabeth Warren has a plan to help end the housing crisis

by Eillie Anzilotti

America’s housing crisis reaches across income levels and geography, but the further one goes down the socioeconomic ladder, the more dire it becomes: Currently, the U.S. is short 7.2 million homes for the 11 million residents living on very low incomes. The affordable rental market is so constrained that 71% of low-income families spend over half their income on rent. Absent any meaningful federal investment in affordable housing in the last few decades, local governments, nonprofits, and in … Continue Reading

September 27, 2018

Glamour: Elizabeth Warren Has a Powerful Message for Sexual Assault Survivors Watching the Kavanaugh Hearing

by Celeste Katz and Samantha Leach

Senator Elizabeth Warren (D-Mass.) on Thursday spoke with Glamour exclusively about the historic Senate hearing involving Supreme Court nominee Brett Kavanaugh and the Republican push to move forward with his confirmation, calling it "fundamentally wrong." At the Hart Senate Office building, where Kavanaugh's accuser Christine Blasey Ford was also testifying, Warren stood alongside Ford's supporters, telling Glamour that she was "here with people of conscience who believe that when a woman … Continue Reading

September 26, 2018

Reveal: Sen. Warren’s new bill is designed to combat modern-day redlining

by Aaron Glantz and Emmanuel Martinez

U.S. Sen. Elizabeth Warren on Wednesday unveiled a bill that one racial justice advocate said would be the first law since 1968 “to redress a century of housing discrimination.” The Massachusetts Democrat, who helped create the Consumer Financial Protection Bureau, has railed against modern-day redlining since a February expose by Reveal from The Center for Investigative Reporting. Reveal found 61 cities where people of color were more likely to be denied a home mortgage than their white … Continue Reading

September 25, 2018

MarketWatch: Elizabeth Warren proposes legislation for affordable housing crisis

by Andrea Riquier

Massachusetts Senator Elizabeth Warren on Tuesday introduced legislation to address the affordable housing gap. The bill, called the American Housing and Economic Mobility Act, would direct about $500 billion, primarily to build and rehabilitate housing for low- and moderate-income Americans. It would also create incentives for local governments to eliminate land use restrictions that drive up costs. It would also steer down payment assistance monies to communities historically denied … Continue Reading

September 25, 2018

American Banker: Warren wades into CRA overhaul with revamp plan of her own

by Neil Haggerty, Rachel Witkowski

Sen. Elizabeth Warren, D-Mass., on Tuesday threw a new twist into efforts to reform the Community Reinvestment Act.Just as the federal bank regulators try to modernize their CRA policy through reforms authorized under the current law, Warren released a bill that would apply CRA requirements to a broader array of institutions — including credit unions — and make penalties tougher for any violations."Obligations under the Community Reinvestment Act ... to provide credit to lower-income and … Continue Reading

September 25, 2018

The Atlantic: Elizabeth Warren’s Ambitious Fix for America’s Housing Crisis

by Madeleine Carlisle

Ten years ago, the subprime-mortgage crisis stripped millions of Americans of their homes. Many haven’t gotten those homes back and now face skyrocketing rents. Ask an economist, or any recent graduate trying to afford rent, and they’ll tell you: America is still in a housing crisis. On Tuesday, Senator Elizabeth Warren introduced a bill tackling the issue head on, trying to lower the cost of homes in neighborhoods with greater economic opportunity.The legislation, titled the American Housing … Continue Reading

September 21, 2018

Government Executive: Democratic Senator Questions Mulvaney’s Hatch Act Compliance

by Charles S. Clark

The acting director of the Consumer Financial Protection Bureau has made waves this summer with his warnings that Republicans face a tough mid-term election climate. Now Mick Mulvaney, the former Tea Party-aligned House member whose main job is White House budget director, has been hit with questions from Sen. Elizabeth Warren, D-Mass., on whether he has complied with the Hatch Act. The law bans federal officials from engaging in partisan political activity on the job. In a Sept. 19 letter … Continue Reading

September 21, 2018

7News: Lawmakers speak out about the Merrimack Valley gas disaster

by Sharman Sacchetti

Lawmakers are speaking out about the Merrimack Valley gas disaster and what they feel needs to be done moving forward. U.S. Senator Elizabeth Warren says she is frustrated with Columbia Gas after she and Lawrence Mayor Dan Rivera met with people impacted by the gas explosions on Friday.Warren also met with senior officials Thursday night and said she feels they did not answer her questions about what went wrong last Thursday.Read the full story on the WHDH website … Continue Reading

September 21, 2018

Eagle-Tribune: Sen. Warren says she, Markey are putting pressure on gas companies to restore service

by Paul Tennant

U.S. Sen. Elizabeth Warren said Friday that the Columbia Gas Co. "owes an explanation to everyone" about why its over-pressurized lines caused numerous explosions and fires in the area last week. Warren, who visited the Beacon Courts housing project in South Lawrence, said she and her Bay State colleague, U.S. Sen. Edward Markey, are putting pressure on the federal government to find out "exactly what the problem is" and to make sure there is no risk of a similar incident happening.They are … Continue Reading

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