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The Latest Breaking News from Elizabeth Warren

Historic gains: Low-income workers scored in the Covid economy

A POLITICO analysis shows that pandemic-era policies reversed the trend toward a widening income gap. The move away from them threatens those gains. Which way will Biden turn?

Politico

Does announcing for president on Twitter prove Ron DeSantis is too online?

WASHINGTON — Florida Gov. Ron DeSantis' presidential announcement Wednesday — a glitchy live broadcast on Twitter — was the latest example of the Republican candidate's all-out effort to court his party's most online activists.

Los Angeles Times

Sen. Elizabeth Warren Advises FCC to Keep Vetting Standard General-Tegna

Massachusetts Democrat signals that the public interest demands no less

Broadcasting & Cable

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‘Single biggest threat’: Warren, Tester warn against bank consolidation

New regulations to police the industry could backfire by undermining smaller lenders, Sen. Jon Tester of Montana cautioned.

Politico

Elizabeth Warren Makes a Major Move to Crack Down on the Fed and Bank Execs

A U.S. Senate bipartisan take : big bank executives don’t belong at Federal Reserve.

The Street

Big Tech Advances While Dow Jones Lags; Chip Stocks And FAANG Ignore Debt-Ceiling Deadline

FAANG favorite Netflix rocketed higher after announcing the ad-supported tier had reached 5 million global users.

Investors Business Daily

Democrats to urge Biden to use 14th amendment powers to avert ‘global economic catastrophe’

Senators including Elizabeth Warren and Bernie Sanders argue in letter that Republicans are not negotiating ‘in good faith’

The Guardian - US

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Former SVB head draws outrage at hearing on US bank failures

New York (AFP) - Executives from two failed US banks faced tough questioning Tuesday as senators railed against the lenders' risk management practices and lofty executive pay.

AFP

Elizabeth Warren Calls Out Boeing, Lockheed Martin for Disturbing Reason

The progressive senator is trying to put a stop to a common practice with potentially dreadful results.

The Street

CEO pay again in focus as the heads of failed banks appear before Senate panel

The recent failures of a trio of midsize banks has once again raised questions on whether executive compensation is tilted toward short-term gains rather than companies' long-term health

The Independent UK

Biden dives into debt ceiling talks, causing mini panics among his base

The White House argues it’s still not negotiating over the debt ceiling — just having budget talks with a debt ceiling component.

Politico

Jamie Dimon Calls 911 on Short Sellers

The JP Morgan CEO is not kidding around when it comes to his bank.

The Street

Sen. Warren Calls Out U.S. Banks Over Controversial Practice

Seven U.S. senators want answers about a common practice that harms consumers.

The Street

Bipartisan interest in new deposit insurance cap, but for whom? - Roll Call

Lawmakers are talking about raising the deposit insurance cap, but don't have consensus about how to do it.

Roll Call

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The Street

Wells Fargo Under Fire Again With More Legal Problems

The San Francisco-based bank has paid several settlements over claims of various improper banking practices.

The Independent UK

Berkeley professor apologizes for false Indigenous identity

An anthropology professor at the University of California, Berkeley, whose identity as Native American had been questioned for years has apologized for falsely identifying as Indigenous, saying she is “a white person” who lived an identity based on family lore

Reason

Short Circuit: A Roundup of Recent Federal Court Decisions

Amazon's algorithm, involuntary commitment, and anti-malaria medicine.

Investors Business Daily

Bank Crisis: Bankers Call For Probe Into Short Sellers. Elizabeth Warren Wants Answers From First Republic.

The ABA called for a probe into short sellers profiting off the bank crisis. Sen. Warren wants answers from First Republic executives.

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Fortune

Elizabeth Warren says U.S. taxpayers will have to foot the bill if JPMorgan ‘stumbles’ after First Republic buyout

The Democratic senator raised concerns about the deal reigniting the “too big to fail” problem.

Politico

Why JPMorgan's deal for a failing bank has Elizabeth Warren upset

"The failure of First Republic Bank shows how deregulation has made the too big to fail problem even worse," she said.

Salon

First Republic Bank collapses, seized

"Ultimately taxpayers will be on the hook," Sen. Elizabeth Warren warned

The Independent UK

US nuclear weapons modernization plan spurs cost questions

The U.S. agency that oversees the nation's nuclear arsenal is moving ahead with plans to modernize production of key components that trigger the weapons

Politico

Congress cools on post-SVB banking overhaul

Lawmakers are all over the place on whether to increase the deposit insurance cap.

Roll Call

Warren: Hundreds of former feds working for defense corporations - Roll Call

Nearly 700 former top federal civilian officials, generals and admirals now work for major defense contractors, according to a Senate report.

The Guardian - US

Ron DeSantis is flaming out – and Trump is on course for a Republican coronation

The Florida governor’s flaws are glaringly apparent. Right now, it’s hard to see the nominee as anyone other than Trump

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