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The Latest Breaking News from Elizabeth Warren

Elizabeth Warren running for 3rd US Senate term in 2024

Massachusetts Democratic U.S. Sen. Elizabeth Warren has announced she will seek a third term in 2024

The Independent UK

Progressive icon Bernie Sanders to hold preelection rally for Brandon Johnson

The rally is scheduled for 7 p.m. Thursday at the UIC Forum. It has potential to help Johnson energize his base and boost turnout, particularly among young voters who supported Sanders’ 2016 and 2020 presidential campaigns.

Chicago Sun-Times

Editorial: Would you trust the IRS to do your taxes?

When you’re a hammer, everything looks like a nail.

Boston Herald

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Fed risks throwing millions out of work

"The Fed is playing with fire," warns former Labor Secretary Robert Reich

Salon

Elizabeth Warren, Rick Scott want a new watchdog post at the Fed after SVB

Two senior U.S. lawmakers are proposing bipartisan legislation to set up a new Senate-approved watchdog post at the Federal Reserve in the wake of the dramatic collapse of Silicon Valley Bank.

Tribune News Service

Pro-labor? Biden aims to prove it with unionized 2024 staff

Joe Biden likes to say he’s the most pro-union president in U.S. history

The Independent UK

Bankers cheer anti-regulation Republican

The American Bankers Association, whose PAC has donated to Sen. Steve Daines, cheered his defense of rollbacks

Salon

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Joe Battenfeld: Trumped up charges could become rallying cry for Republicans

The likely indictment of former President Donald Trump is a bold – some would say foolhardy – political gambit and could simply become a rallying cry for Trump’s presidential campaign.

Boston Herald

An economist who correctly predicted the Great Financial Crisis says the world’s central banks have chosen ‘class war over financial stability'

The Fed and other central banks want to bring down inflation at all costs. Is it worth it?

Fortune

Sens: Rent-setting algorithm "alarming"

RealPage's answers alarmed senators so much they sent a letter to the Justice Department

Salon

Home of Elizabeth Warren’s son burns in overnight fire

BOSTON — A Boston-area home belonging to the son of U.S. Sen. Elizabeth Warren burned to the ground Tuesday morning, requiring the aid of two outside fire companies.

Boston Herald

Critics say Big Tech uses trade deals to avoid data privacy laws

WASHINGTON — Tech companies are using international trade agreements to conceal software codes behind artificial intelligence programs as well as circumvent U.S. legislation that could curb the industry’s freewheeling use of consumer data, according to lawmakers and advocacy groups.

Tribune News Service

Critics say Big Tech uses trade deals to avoid data privacy laws - Roll Call

Some Democrats and advocacy groups say Big Tech companies are using international trade deals to circumvent data privacy laws.

Roll Call

Army of lobbyists helped water down banking regulations

A handful of red-state Democrats were instrumental in helping Republicans secure a rollback of banking regulations sought by then-President Donald Trump in 2018

The Independent UK

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Roll Call

Lawmakers float ways to recapture deposit insurance discipline - Roll Call

The size of deposits covered by federal bank rescues has lawmakers talking about the discipline of a cap on deposit insurance.

Fortune

Elizabeth Warren says Jerome Powell has 'failed' at both of his jobs and shouldn't be Fed chair

Powell's handling of the economy and banking regulations has left a lot to be desired for some critics.

Tribune News Service

US banks on bumpy path as First Republic’s troubles persist

Just weeks ago, they were bit players in the giant U.S. banking system. Now, a handful of regional lenders are at the heart of a crisis that’s shaken the country and engaged the likes of Warren Buffett and Jamie Dimon.

Tribune News Service

Warren says she favors increasing FDIC’s deposit insurance cap

WASHINGTON — Sen. Elizabeth Warren is calling for more U.S. deposits to be covered by federal insurance and demanding government probes into whether lax regulation fueled this month’s collapse of Silicon Valley Bank and Signature Bank.

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The Guardian - US

Elizabeth Warren says Fed chair ‘failed’ and calls for inquiry into bank collapse

Progressive Democrat launches offensive on politicians on the left and the right who supported Trump-era deregulation of US banks

Axios

Warren calls for investigation into the Fed amid banking turmoil

"The fed doesn't just get to do its own investigation," Warren said.

The Independent UK

Bank failures: Anger in Congress, but division on what to do

Congress is trying to figure out how best to respond to the abrupt failure of two U.S. banks

The Conversation

The collapse of major US banks leads to bills calling for more regulation

When Silicon Valley and Signature banks failed in early March 2023, government regulators rushed in to guarantee deposits and protect bank customers. Under current banking regulations, though, there was no obligation for the government to step in.

Al Jazeera

Biden urges ‘accountability’ for executives of failed banks

US president calls on Congress to impose tougher penalties on senior officials of banks that fail due to mismanagement.

Reason

New Regulations Won't Stop the Next Bank Collapse

Plus: Another campus free speech debacle, foreign cheese groups lose Gruyere trademark case, and more...

Fortune

SVB, First Republic CEOs involved in lobbying pre-banking crisis

In late January, First Republic Bank's CEO wrote to U.S. regulators saying his bank did not pose signficant risk to the U.S.'s financial stability.

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