News Coverage
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
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