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The Latest Breaking News from Elizabeth Warren

Biden will nominate Michael Barr as Fed’s banking supervisor

President Joe Biden will nominate Michael Barr, a Treasury Department veteran and one of the architects of the Dodd-Frank Act of 2010, as the U.S. Federal Reserve’s chief banking supervisor.

Tribune News Service

Biden border move opens rift among Senate Democrats

WASHINGTON — The Biden administration’s latest decision to lift border restrictions has laid bare a key disagreement in the Senate Democratic caucus, threatening to frustrate legislative efforts ahead of midterm elections where Republicans hope to flip control of Congress.

Tribune News Service

Senators Warren and Casey press Biden’s trade officials to prioritize workers

Democratic Senators Elizabeth Warren and Bob Casey pressed top Biden administration trade officials to prioritize the interests of workers over companies in talks on a potential new pact among Pacific nations.

Tribune News Service

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'The Bitcoin PAC' Aims To Vote Out Anti-Crypto Politicians Like Elizabeth Warren

Several pro-crypto political action committees (PACs) have been established ahead of the midterm elections with an agenda to “vote out anti-crypto politicians.”

Benzinga

Why The Cannabis Community Needs To Avoid Spreading Misinformation

This article was originally published on Goldleaf and appears here with permission.

Benzinga

An ad supporting Conor Lamb sparked a backlash for wrongly calling John Fetterman a ‘self-described democratic socialist’

PHILADELPHIA — A super PAC backing U.S. Rep. Conor Lamb’s Democratic campaign for Senate in Pennsylvania made its first real foray into the race this week — and it didn’t go well.

The Philadelphia Inquirer

Democrats ‘will not let Republicans rain’ on Ketanji Brown Jackson’s parade, Warren declares

Comments came before historic Senate confirmation vote

The Independent UK

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Ketanji Brown Jackson makes history as first Black woman Supreme Court Justice

Senate votes through Joe Biden’s nominee after weeks of contentious hearings

The Independent UK

As We Build Towards Web3, We Need to Shift Our Focus Towards On-Chain KYC Solutions

As Web3 continues to develop, lawmakers and platforms are shifting their focus towards refining KYC, or know-your-customer, which serves as the barrier between Web3’s true calling for decentralization and centralized institution’s concerns for public good.

Benzinga

Elizabeth Warren's Wealth Tax Would Hurt More Than Just the 'Tippy Top'

Wealth tax proponents claim only super rich people would be affected. But to raise the revenue Warren, Sanders, and Biden want, they'd have to tax the "working rich"—doctors, lawyers, and other hardworking high earners.

Reason

Elizabeth Warren Compares Buying Bitcoin to 'Buying Air'

The Massachusetts senator also came out in favor of creating a central bank digital currency

Reason

Schumer and Democrats say Clarence Thomas should recuse himself from January 6 cases

Plenty of Senate Democrats– moderate and progressive alike – are skittish about voting to impeach the longest-serving Supreme Court Justice

The Independent UK

Biden's Desperate Wealth Tax Flip-Flop

On the campaign trail, Biden rejected wealth taxes as punitive, divisive, and unworkable. Now, as president, he’s embraced the idea.

Reason

Bitcoin Won't Help Russia Bypass World Sanctions

Cryptocurrencies are not the threat to U.S. financial power the elites want to present.

Reason

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Tribune News Service

Windfall profits tax, consumer rebate options under discussion

WASHINGTON — Senate Finance Committee Democrats are discussing ways to tax large oil and gas companies’ excess profits that could be tied to the recent spike in global crude oil prices and use the revenue to provide financial support to consumers impacted by higher costs at the pump.

Roll Call

Windfall profits tax, consumer rebate options under discussion - Roll Call

Driven by sharply higher gas prices, Democrats are discussing ways to tax large oil and gas companies' excess profits and return the money to consumers.

Reason

Oklahoma House OKs Citizen-Enforced Abortion Ban

Plus: Masculinity tied to inflated IQ estimates, contempt for Warren's crypto bill, and more...

The Conversation

Are Russia's elite really using cryptocurrency to evade sanctions?

Fearing Russia’s elite will evade economic sanctions by converting their wealth to cryptocurrency, high-profile US Democratic senator Elizabeth Warren has introduced a bill into US Congress to stymie Russian crypto transactions.

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Benzinga

US Aims To Prevent Russia From Accessing Crypto Amid Its War With Ukraine

Democrat U.S. senators strive for The Digital Asset Sanctions Compliance Act to enable President Biden to sanction foreign crypto firms doing business with sanctioned Russian entities and prevent them from transacting with U.S. customers amid the country's Ukraine invasion. The bill could ramp up pressure on misuse of crypto exchanges to circumvent…

Reuters

U.S. Democrats introduce bill to curb Russian crypto use amid Ukraine crisis

Democratic U.S. senators introduced a bill on Thursday that would enable the president to sanction foreign cryptocurrency firms doing business with sanctioned Russian entities and prevent them from transacting with U.S. customers.

Tribune News Service

Amid painful tax season, bipartisan duo eyes IRS budget fix

WASHINGTON — After giving the IRS its biggest budget boost in years, some lawmakers are turning to new efforts to deliver resources to the beleaguered agency in the middle of a tax filing season plagued by lengthy delays and a hefty backlog of unprocessed returns.

Reason

30 Percent of Americans Still Oppose Same-Sex Marriage

Plus: Research says neuroscience studies are largely unreliable, Elizabeth Warren's new antitrust bill, and more...

Roll Call

Amid painful tax season, bipartisan duo eyes IRS budget fix - Roll Call

After giving the IRS its biggest budget boost in years, some lawmakers seeking new ways to deliver resources to the beleaguered agency.

Reason

Elizabeth Warren Says the Solution to High Gas Prices Is Higher Taxes on Oil Companies

A windfall profit tax on oil companies didn't work in the 1970s and it won't work today.

Benzinga

Elon Musk Once Called Senator Warren 'Karen' — Now, Dogecoin Creator Dubs Her 'Satan'

Dogecoin (CRYPTO: DOGE) co-creator Billy Markus called Senator Elizabeth Warren (D-MA) “Satan" after a report said she was drafting a bill to track transactions to private cryptocurrency wallets.

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