Key takeaways from the Senate’s bank failure hearing Amid all the finger-pointing, Senators and speakers said more monitoring was needed in the banking sector. Fortune · Mar 29, 2023
Senate committee questions federal regulators over US bank crisis Tuesday marked the US Senate’s first public hearing into the collapse of Silicon Valley Bank in early March. Al Jazeera · Mar 28, 2023
Fed’s Barr: SVB ignored ‘bread and butter’ banking issues - Roll Call The Fed official in charge of bank supervision said SVB was warned about its risks and that it ignored “bread and butter” banking issues. Roll Call · Mar 28, 2023
Pentagon comes out against law requiring military wish lists - Roll Call The Defense Department says it backs ending “unfunded priorities lists” — annual requests for spending above the president's budget requests. Roll Call · Mar 28, 2023
‘Making billionaires cry on TV’: Elizabeth Warren touts her record as she announces third run for Senate ‘Elizabeth is my partner in the Senate and I have seen this perpetual energy machine up close,’ Ed Markey says The Independent UK · Mar 27, 2023
Elizabeth Warren announces third Senate bid in new campaign ad BOSTON — The state’s senior senator will seek a third term, her campaign has announced with a new ad. Boston Herald · Mar 27, 2023
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 · Mar 27, 2023
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 · Mar 24, 2023
Editorial: Would you trust the IRS to do your taxes? When you’re a hammer, everything looks like a nail. Boston Herald · Mar 24, 2023
Fed risks throwing millions out of work "The Fed is playing with fire," warns former Labor Secretary Robert Reich Salon · Mar 23, 2023
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 · Mar 23, 2023
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 · Mar 23, 2023
Bankers cheer anti-regulation Republican The American Bankers Association, whose PAC has donated to Sen. Steve Daines, cheered his defense of rollbacks Salon · Mar 22, 2023
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 · Mar 22, 2023
Fortune · Mar 21, 2023 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?
Salon · Mar 21, 2023 Sens: Rent-setting algorithm "alarming" RealPage's answers alarmed senators so much they sent a letter to the Justice Department
Boston Herald · Mar 21, 2023 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.
Tribune News Service · Mar 21, 2023 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.
Roll Call · Mar 21, 2023 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.
The Independent UK · Mar 21, 2023 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
Roll Call · Mar 20, 2023 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 · Mar 20, 2023 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 · Mar 20, 2023 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 · Mar 19, 2023 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.
The Guardian - US · Mar 19, 2023 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