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The Latest Breaking News from Elizabeth Warren

Lawmakers from both parties skeptical of legislation over SVB - Roll Call

President Biden's call for a legislative response to the SVB collapse is meeting skepticism from members of both parties on Capitol Hill.

Roll Call

How the last banking tumult fuels today's populist politics

Mike Pence and Bernie Sanders are hardly political allies

The Independent UK

Elizabeth Warren is among the furious politicians demanding SVB execs return their salaries, bonuses, and $84 million in stock sale profits

Sen. Elizabeth Warren says SVB execs should give back their salaries for “facilitating a near-economic disaster.”

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Barney Frank got paid by Signature Bank

Rep. Barney Frank pushed to water down Dodd-Frank law after getting $1 million from bank that collapsed

Salon

"Woke" billionaires, same as old ones

Ignore GOP hype about the "liberal" tech industry — reckless, entitled libertarianism is what fuels Silicon Valley

Salon

Political blame game erupts over SVB failure

Each side is seizing on the themes already animating their economic message heading into 2024.

Axios

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

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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

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

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

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WEKU

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.

Ballotpedia

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

Welcome to the Thursday, March 2, Brew.

Los Angeles Times

'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.

The Independent UK

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

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The Conversation

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.

Salon

Legislators aim to combat egg prices

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

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.

Salon

Sanders: Tax rich, save Social Security

The proposal would ensure the program is fully funded through 2096

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