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The Latest Breaking News from Elizabeth Warren

Two testy exchanges show Fed's inflation dilemma

The two unusually fiesty exchanges were a preview of what is likely to be a key dynamic.

Axios

Federal Reserve Chair Jerome Powell warns inflation fight will be long and bumpy

Speaking before the Senate Banking Committee, Powell warned the central bank may have to raise interest rates even more, sending stock markets sharply lower.

WEKU

Nine fewer noteworthy presidential candidates have declared (so far) in 2024 compared to the 2020 cycle

Welcome to the Thursday, March 2, Brew.

Ballotpedia

From analysis to the latest developments in health,
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'Student debt is a crisis': Activists rally outside Supreme Court for loan forgiveness

WASHINGTON — Hundreds of debt advocates and progressive political organizers gathered outside the Supreme Court on Tuesday while justices heard oral arguments in two cases challenging President Joe Biden's plan to cancel up to $20,000 in student loan debt for some borrowers.

Los Angeles Times

Bernie Sanders says Americans shouldn’t face ‘financial ruin’ to ‘get a damn education’ in Supreme Court speech

Millions of Americans are “drowning” in student loan debt as justices hear arguments over Biden cancellation plan

The Independent UK

If Biden doesn't run in 2024, here are the main rivals for the Democratic nomination

Joe Biden has made it clear he intends to stand for re-election in 2024. But despite his state of the union address reflecting a fighting spirit that many interpreted as another indication for a 2024 bid, Biden’s intention may not necessarily hold up.

The Conversation

Legislators aim to combat egg prices

While eggs' exorbitant prices have been well-documented, the reason why still seems a little murky

Salon

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Michael Hiltzik: The government crackdown on crypto is well underway. Get out while you can

The sun may be setting on the cryptocurrency craze. If you're an investor or even just a curiosity-seeker on the fringes of this financial segment, you might want to prepare for its demise.

Los Angeles Times

Senate pressure mounts on Biden to nominate first Latino to Fed - Roll Call

Several Senate Banking Committee Democrats are pushing President Joe Biden to nominate a Latino for the Federal Reserve Board.

Roll Call

Democratic California Sen. Dianne Feinstein says she won’t run for reelection in 2024

Dianne Feinstein has been a trailblazer, dating back to her tenure as the first female mayor of San Francisco and stretching to the Senate, where she’s served since 1992.

Chicago Sun-Times

'Financial criminals love crypto' and other takeaways from a Senate hearing on cryptocurrency

WASHINGTON — A Senate panel met Tuesday morning to hear from a trio of expert witnesses about what the federal government can do to create safeguards for digital assets such as cryptocurrency.

Los Angeles Times

Sanders: Tax rich, save Social Security

The proposal would ensure the program is fully funded through 2096

Salon

A two-decade low for non-major party candidates vote share

Welcome to the Monday, February 13, Brew.

Ballotpedia

What Biden’s billionaire tax means for everyday Americans

President Biden is urging lawmakers to pass a tax proposal that would raise taxes on the top 0.01%.

Fortune

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Los Angeles Times

Mark Z. Barabak: Here's why Joe Biden won't be dumping Kamala Harris as his running mate

Being vice president of the United States is sort of like working for Donald Trump or watching reality TV. It requires a high degree of tolerance for indignity and abuse.

The Independent UK

From Bono to Tyre Nichols’ parents: Who is attending this year’s State of the Union address?

Joe Biden’s speech promises to fire starting pistol on 2024 presidential race

The Independent UK

After bitter RNC meeting, Democrats look to project unity

Bitter divisions dominated a recent national Republican Party gathering

Reason

Southwest Is Already Paying Billions for Screwing Up Your Travel. What About the FAA?

The airline will either clean up its act or go out of business. Meanwhile, the government plods along.

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McClatchy Washington Bureau

Katie Porter wants Dianne Feinstein’s Senate seat. What are her chances?

WASHINGTON — U.S. Rep. Katie Porter, the feisty congresswoman from Orange County, California, is running for Senate. But does anyone north of the Los Angeles area know who she is? Does she have a chance?

Tribune News Service

White House directs FTC, CFPB to probe housing rental market practices

Landlords will face greater federal scrutiny from the Consumer Financial Protection Bureau, Federal Trade Commission and other agencies amid rapidly rising rents under a plan that President Joe Biden released Wednesday.

Roll Call

White House directs FTC, CFPB to probe housing rental market practices - Roll Call

The White House has directed the Consumer Financial Protection Bureau and the Federal Trade Commission to examine the housing rental market.

Reason

Elizabeth Warren, Jamaal Bowman Want To Give Lina Khan the Power To Impose Rent Control on the Whole Country

Warren and fellow progressive Democrats have asked President Joe Biden to use the FTC, HUD, or maybe the FHFA to impose nationwide rent control.

WEKU

Bank of America says the problem with Zelle transactions is resolved

The website Downdetector reported spikes in outages involving Bank of America and payment platform Zelle starting Wednesday morning.

The Independent UK

Longtime senator Dianne Feinstein reacts to Katie Porter’s newly announced California Senate bid

Katie Porter’s campaign announcement comes despite the fact Dianne Feinstein has not announced whether she will seek re-election

Fortune

Your employer shouldn’t be allowed to stop you working for its rivals, FTC argues

The Federal Trade Commission says the practice is harming competition within the labor market by preventing companies from hiring the best available talent.

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