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The Latest Breaking News from Elizabeth Warren

Kevin Warsh would be one of the wealthiest Fed chairs ever and says he ‘lived the American Dream.’ Here’s what he wants for the central bank

During and after the pandemic, the Fed “missed its mark,” Warsh told senators, and the U.S. economy is “still dealing with the legacy of policy errors.”

Fortune

Trump’s Fed chair pick says he’ll maintain independence – but won’t say president lost 2020 election

Kevin Warsh says ‘we need to take politics out of monetary policy’ as Elizabeth Warren calls him Trump’s ‘sock puppet’

The Guardian - US

Fed Chair Nominee Kevin Warsh Says Central Bank Will Remain 'Strictly Independent'

President Donald Trump's nominee to be the next chair of the Federal Reserve, Kevin Warsh, said in his confirmation hearing Tuesday that the central bank will remain "strictly independent" and rejected he will be the president's "sock puppet."

International Business Times

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Warsh vows Fed independence; Democrats assert financial conflicts

Kevin Warsh, the nominee to be next chairman of the Federal Reserve, promised senators Tuesday that the central bank would maintain its independence from the White House under his leadership and that he would divest assets that raised conflict-of-interest concerns among Democrats. Warsh tried to reassure lawmakers at the Senate…

Roll Call

Fed chair nominee Warsh to field questions about Fed independence

Republicans and Democrats on the Senate Banking Committee appear poised to question Kevin Warsh, the nominee to be the next chairman of the Federal Reserve, on the central bank’s independence — but from different angles — during a hearing scheduled for Tuesday. Ranking member Elizabeth Warren is also expected to question…

Roll Call

Analilia Mejía wins special election for Sherrill’s seat in New Jersey

Democrat Analilia Mejía, a progressive organizer with ties to labor interests, won Thursday’s special election in New Jersey for the seat formerly held by Gov. Mikie Sherrill. Mejía was leading Republican Joe Hathaway, the mayor of Randolph Township, 70 percent to 29 percent not long after The Associated Press called…

Roll Call

Elizabeth Warren on her proposal to bring back IRS Direct File: ‘For just one day of bombing Iran, we could pay for 20 years’

“For years, giant tax prep companies like TurboTax and H&R Block have rigged our system so they can cash in on your hard-earned dollars.”

Fortune

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Trump Mobile gives users a first look at the ‘T1’ phone - and it comes with plenty of gold

There still isn’t a clear release date for the new-look smartphone

The Independent UK

Over 296,000 happy users last year, 0 this year: How big tax prep crushed the IRS’s free filing tool

Fortune

Betting against political prediction markets

The rise of political prediction markets and several well-timed trades have spurred lawmakers to introduce multiple bills aimed at stopping or regulating insider trading in prediction markets. But lawmakers are far from agreeing on how far to extend such bans. “Members of Congress should be prohibited from participating in prediction…

Roll Call

Over 1M Americans 'At Risk' in Middle East War Zone as DOGE Cuts Leave State Department Unable to Help

Fired foreign service officers say the State Department rejected their offers to help evacuate Americans from the Iran war zone.

International Business Times UK

Democrats accuse ICE of creating ‘disappearances’ on US soil

Lawmakers led by Elizabeth Warren in scathing letter say system used to track detainees ‘increasingly unreliable’

The Guardian - US

Elizabeth Warren questions MrBeast’s teen banking app over crypto concerns

Senator Elizabeth Warren has formally questioned MrBeast's company, Beast Industries, regarding their new money app, Step, for young people. Concerns center on the app potentially encouraging cryptocurrency use among minors, with a video reportedly guiding children on how to discuss crypto with parents. The app's association with Evolve Bank and…

The Times of India

Senate Democrats call on CMS to rein in Medicare Advantage abuses

A group of Democratic senators led by Elizabeth Warren is pushing the Centers for Medicare and Medicaid Services to rein in abuses from Medicare Advantage insurers as the Trump administration considers a policy that would enroll more seniors in the program. The senators allege that Medicare Advantage is rife with…

Roll Call

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The Times of India

MrBeast and Elizabeth Warren controversy explained: What triggered the probe into Step banking app

Elizabeth Warren has questioned MrBeast over his company’s teen banking app after concerns about crypto messaging and how it targets young users. She warned that the platform may encourage kids to influence parents on financial decisions. While no wrongdoing is alleged, regulators are seeking clarity as the creator expands into…

The Guardian - US

Cory Booker says Democrats have ‘failed this moment’ and calls for new leaders

New Jersey senator also says party has ‘too small of a coalition’ as it seeks to confront ‘new challenges’

Fortune

The ROAD Act passed by the Senate aims to expand America's housing supply. It's likely to shrink it instead

The ROAD Act aims to keep big investors out of the single family home rental market. Critics say that could kill investment in new homes, and drive up prices.

Reason

The Hidden Costs of Elizabeth Warren's 'Ultra-Millionaire' Tax

The Massachusetts senator fails to consider how her tax would harm middle class Americans and slow economic growth.

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International Business Times UK

Jared Kushner's Peace Envoy Role Collides With £3.9 Billion Fundraising Push in the Middle East Amid Iran War

Explore controversy as Jared Kushner faces scrutiny over £3.9B Gulf fundraising during US diplomacy, sparking conflict-of-interest concerns and a congressional probe.

International Business Times UK

'Is The Money In Donald Trump's Pocket?' Lawmaker Pushes For Answers As Millions In Trump Library Fund Vanish

Explore the disappearance of millions intended for Trump's Presidential Library Fund, as media companies settle lawsuits and questions remain unanswered.

Tom’s Hardware

US senators want to suspend Nvidia AI chip export licenses to China and its intermediaries — bipartisan letter to Commerce Dept says that Huang’s claims of no chip diversion ‘were contradicted by reporting available’

U.S. senators Elizabeth Warren (D-Mass.) and Jim Banks (R-Ind.) told Commerce Secretary Howard Lutnick that he should suspend all active export licenses to China for Nvidia AI chips, saying that Nvidia's most advanced AI GPUs are being diverted into the country despite Jensen Huang's assurances.

The Guardian - US

US moves to soften capital rules: ‘Big banks can declare mission accomplished’

Fed officials expected to lower capital requirements for banks such as Goldman Sachs and JPMorgan Chase by 4.8%

Roll Call

At the Races: Crypto’s next stand

Welcome to At the Races! Each week we bring you news and analysis from the CQ Roll Call campaign team. Know someone who’d like to get this newsletter? They can subscribe here. The cryptocurrency industry began flexing its political muscle in 2022, and crypto spending has only increased since. In advance of…

International Business Times UK

Senate Rejects Effort to Halt Trump's Iran Strikes 47-53 — Fetterman Joins GOP as Costs Reach $11 Billion

The US Senate rejects a war powers resolution to end military operations in Iran, marking the third failed attempt. Discover the implications for US foreign policy, taxpayer costs, and rising gas prices.

The Independent UK

Conservatives hint they will oppose bipartisan housing bill designed to make homes more affordable

House members have balked at provisions barring large institutional investors from owning homes

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Alexandria OcasioCortez

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