Op-eds

November 19, 2014

Huffington Post Op-Ed: Enough Is Enough: The President's Latest Wall Street Nominee

by Senator Elizabeth Warren

I believe President Obama deserves deference in picking his team, and I've generally tried to give him that. But enough is enough. Last Wednesday, President Obama announced his nomination of Antonio Weiss to serve as Under Secretary for Domestic Finance at the Treasury Department. This is a position that oversees Dodd-Frank implementation and a wide range of banking and economic policymaking issues, including consumer protection. So who is Antonio Weiss? He's the head of global investment … Continue Reading


November 17, 2014

Wall Street Journal Op-ed: The Fed Needs Governors Who Aren’t Wall Street Insiders

by Senators Elizabeth Warren and Joe Manchin

We joined the Senate Banking Committee to try to make the banking system work better for American families. That's why we're concerned that the Federal Reserve-our first line of defense against another financial crisis-seems more worried about protecting Wall Street than protecting Main Street. Fortunately, this is one problem the Obama administration can start fixing today by nominating the right people to fill the two vacancies on the Fed's Board of Governors. The Board of Governors is … Continue Reading


November 07, 2014

Washington Post Op-Ed: It’s time to work on America’s agenda

by Senator Elizabeth Warren

There have been terrible, horrible, no good, very bad Election Days for Democrats before - and Republicans have had a few of those, too. Such days are always followed by plenty of pronouncements about what just changed and what's going to be different going forward. But for all the talk of change in Washington and in states where one party is taking over from another, one thing has not changed: The stock market and gross domestic product keep going up, while families are getting squeezed hard … Continue Reading


August 15, 2014

Worcester Telegram & Gazette Op-Ed: Fighting for local veterans

by Senator Elizabeth Warren

Our men and women in uniform serve our country with honor and courage, putting themselves in harm's way to protect us. All three of my brothers served in the military, and my oldest brother was career military - he flew 288 combat missions in Vietnam. I understand how much service members and their families contribute to our country, and how important it is that we honor their service. We owe our service members the very best, and that means ensuring they always have access to high-quality … Continue Reading


August 12, 2014

Berkshire Eagle Op-Ed: We can do better than pipeline

by Senator Elizabeth Warren

Massachusetts has distinguished itself as a state with a strong and enduring commitment to environmental conservation, a commitment evidenced in the wetlands, forests, waters, and state and private conservation lands that run from our coastline to the Berkshires. The commonwealth is also a leader in developing clean energy and promoting energy efficiency. In fact, the American Council for an Energy-Efficient Economy ranks Massachusetts number one in the country in its energy efficiency … Continue Reading


July 17, 2014

CNN Op-Ed: We need to rein in 'too big to fail' banks

by Senators Elizabeth Warren, John McCain, Maria Cantwell and Angus King

More than five years after the bankruptcy of Lehman Brothers and the beginning of the most severe economic downturn since the Great Depression, lawmakers should ask themselves whether they have done enough to reduce the risk of another financial crisis. In our view, the answer is no. The chances of another financial crisis will remain unacceptably high as long as there are financial institutions that are "too big to fail" -- entities that are deemed so important to the overall health and … Continue Reading


July 07, 2014

U.S. News Op-Ed: The Big Benefits of Postal Service Banking

by Senator Elizabeth Warren

More than a quarter of all American households - about 68 million people - rely at least in part on nonbank financial services like check cashing or payday lending. These unbanked and underbanked households pay more - a lot more - for the kinds of basic financial services the rest of us take for granted. In 2012, the average income for these families was about $25,500, and they spent an average of $2,412 just on interest and fees for nonbank financial services. That was just under 10 percent … Continue Reading


June 02, 2014

Salem News Op-Ed: Student debt is a national emergency

by Senator Elizabeth Warren

Total student loan debt across the country now stands at $1.2 trillion - and each year, students are taking on more and more and more debt. From 2004 to 2012, the average student loan balance increased by 70 percent. Millions of young people are struggling to keep up with their student loan payments. This is an emergency. Student loan debt is crushing our young people and weighing down our economy. Federal agencies like the Federal Reserve, the Treasury Department and the Consumer Financial … Continue Reading


May 01, 2014

CNN Op-Ed: What happened to the middle class?

by Senator Elizabeth Warren

A great crack in America's middle class came to light recently: While our country continues to lead the world as the richest nation, our middle class, once the most affluent in the world, has fallen behind. According to an analysis by The New York Times, Canada's middle class is now the wealthiest, and working families in many countries have seen their incomes rise much faster than those in the United States. The hollowing out of America's middle class has been years in the making, but it … Continue Reading


April 29, 2014

Politico Op-Ed: The Citigroup Clique

by Senator Elizabeth Warren

Today, I cast my vote on the Senate Banking Committee for Stanley Fischer to serve in the No. 2 position at the U.S. Federal Reserve. I asked Fischer tough questions - in person, at his nomination hearing, and in writing - and I have been impressed with the depth of his knowledge and experience. But I cast my vote reluctantly because of my growing frustration over the concentration of people with ties to the megabank Citigroup in senior government positions. In recent years, Wall Street … Continue Reading


April 17, 2014

Credit.com Op-Ed: Why Equal Pay Is Worth Fighting For

by Senator Elizabeth Warren

I honestly can't believe that we're still arguing over equal pay in 2014. When I started teaching elementary school after college, the public school district didn't hide the fact that it had two pay scales: one for men and one for women. Women have made incredible strides since then. But 40 years later, we're still debating equal pay for equal work. Women today still earn only 77 cents for every dollar a man earns, and they're taking a hit in nearly every occupation. Bloomberg analyzed … Continue Reading


April 01, 2014

Huffington Post Blog: Wall Street Should Disclose Its Think Tank Contributions

by Senator Elizabeth Warren

In December, I wrote to the heads of six of the country's biggest financial institutions with a simple request: that they voluntarily disclose the financial contributions their companies make to think tanks. This disclosure would help make sure shareholders, policymakers, and the public are aware of efforts by large Wall Street banks to indirectly influence lawmakers and regulators by supporting think tanks' research. Unfortunately, none of the six institutions -- JPMorgan Chase, Bank of … Continue Reading


March 28, 2014

Boston Globe Op-Ed: Help for homeowners

by Senator Elizabeth Warren

Homeowners across Massachusetts received some good news last week: President Barack Obama signed into law the bipartisan Homeowner Flood Insurance Affordability Act, which will help protect millions of families here in the Commonwealth and across the country from huge increases in flood insurance rates. A few years ago, Congress changed the national flood program to move toward a more market-based system that more accurately reflects the true costs and risks of flood damage. This was a … Continue Reading


March 25, 2014

Credit.com Op-Ed: 17 Million Reasons to Raise the Minimum Wage

by Senator Elizabeth Warren

I have 17 million reasons for wanting to increase the minimum wage. Yes, 17 million-the number of children whose lives would be a little more secure if their moms and dads earned at least $10.10 an hour. When I was in junior high, my daddy had a heart attack. He was home for a while, the medical bills piled up, and we lost our family station wagon. So my mother did what she had to do: She went to work answering the phones at Sears. The job paid only minimum wage, but it was enough to make sure … Continue Reading


February 26, 2014

Bay State Banner Op-Ed: Creating a level playing field

by Senator Elizabeth Warren

This is a special moment in history. In August, we commemorated the 50th anniversary of the March on Washington for Jobs and Freedom, when Dr. Martin Luther King Jr. shared his dream of equality and called for action. Later this year, we will celebrate the 50th anniversary of the Civil Rights Act of 1964, one of the enduring legacies of the March on Washington. The Civil Rights Act was a landmark moment in the ongoing fight for equality, enshrining in law the principle that ensure no one … Continue Reading


February 05, 2014

Huffington Post Blog: Senate Women Say: Raise The Minimum Wage!

by Senator Elizabeth Warren

Co-authored by:Senator Mazie HironoSenator Tammy Baldwin Last week, the Democratic women senators stood together at an amazing event where we delivered a very important message: No American woman should ever work a full-time job and still raise her children in poverty. Yet at a time when 400 American families have more wealth than 150 million, an American single mom earning minimum wage at a full-time job takes home just $15,000 a year to support her family -- below the poverty line. It's … Continue Reading


February 01, 2014

Huffington Post Blog: Coming to a Post Office Near You: Loans You Can Trust?

by Senator Elizabeth Warren

The poor pay more. According to a report put out this week by the Office of the Inspector General (OIG) of the U.S. Postal Service, about 68 million Americans -- more than a quarter of all households -- have no checking or savings account and are underserved by the banking system. Collectively, these households spent about $89 billion in 2012 on interest and fees for non-bank financial services like payday loans and check cashing, which works out to an average of $2,412 per household. That … Continue Reading


February 01, 2014

Patriot Ledger Op-Ed: Flood insurance shouldn't soak homeowners

by Senator Elizabeth Warren

Families purchase flood insurance so they don't lose their homes in a bad storm. But now, because of changes to FEMA's flood maps and unexpected insurance rate hikes, many families fear that the price of flood insurance could be just as devastating as any storm. Congress changed the national flood program to move toward a more market-based system that more accurately reflects the true costs and risks of flood damage. This was a well-intentioned law, but unfortunately homeowners were … Continue Reading


December 16, 2013

Salem News Op-Ed: Social Security is under attack

by Senator Elizabeth Warren

A generation ago, middle-class families were able to put away enough money during their working years to make it through their later years with dignity. On average, they saved about 11 percent of their take-home pay while working. Many paid off their homes, got rid of all their debts and retired with strong pensions from their employers. And where pensions, savings and investments fell short, they could rely on Social Security to make up the difference. That was the story a generation ago, … Continue Reading


December 14, 2013

Lowell Sun Op-Ed: Protect, expand Social Security

by Senator Elizabeth Warren

For a generation now, working families have been squeezed by stagnant wages and rising costs for housing, health care, and college. Even as families have cut back on expenses for things like food, clothing, furniture, and appliances, it hasn't always been enough; many have been forced to take on more and more debt just to pay for necessities. One major consequence of these increasing pressures on working people is that the dream of a secure retirement is slowly slipping away. Families haven't … Continue Reading

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