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The Latest Breaking News from Elizabeth Warren

Elizabeth Warren knows exactly why Silicon Valley Bank failed—and who should pay

SVB CEO Greg Becker himself was one of many voices advocating for Dodd-Frank to be loosened. Oops.

Fortune

How the Fed Broke Silicon Valley Bank

The Fed's anti-inflation measures had to hurt someone.

Reason

Kamala Harris isn’t returning Elizabeth Warren’s calls after VP slight, report says

Democrats’ consternations about strength of Biden’s 2024 ticket are opening old wounds

The Independent UK

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Progressive firebrand Elizabeth Warren endorses Brandon Johnson in April 4 runoff

Warren tweeted her endorsement of Johnson to her 5.9 million followers. But her greatest value to Johnson is in consolidating his progressive base and boosting turnout that was just over 35% on Feb. 28.

Chicago Sun-Times

The billionaire cofounder of Home Depot compares the Fed to ‘the gang that can’t shoot straight’ and says the coming crash is ‘not going to be pretty’

“My problem with the Fed, overall, is there’s too many academics in the mix,” Ken Langone said Wednesday.

Fortune

Senate votes to overturn DC criminal code changes

WASHINGTON — The Senate cleared a disapproval resolution Wednesday to block a District of Columbia bill that would have overhauled the criminal code, sending it to President Joe Biden’s desk.

Tribune News Service

Senate votes to overturn DC criminal code changes - Roll Call

The Senate cleared a measure Wednesday to nullify a controversial D.C. law, sending it to President Joe Biden for his expected signature.

Roll Call

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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

'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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news in one place.

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Los Angeles Times

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.

Roll Call

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.

Chicago Sun-Times

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.

Los Angeles 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.

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Salon

Sanders: Tax rich, save Social Security

The proposal would ensure the program is fully funded through 2096

Ballotpedia

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

Welcome to the Monday, February 13, Brew.

Fortune

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%.

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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