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The Latest Breaking News from Elizabeth Warren

Biden Eyes New Regulations As Congress Dives Into Silicon Valley, Signature Bank Failures

President Joe Biden is expected to tighten regulations on banks, prompted by the biggest banking collapse since the 2008 crisis

Zenger

Bipartisan group of senators offer clawback bill for bank failures

WASHINGTON — A bipartisan group of senators released draft legislation Wednesday that would claw back executive pay in the five years leading up to a bank’s failure, following President Joe Biden’s call on Congress to take action.

Tribune News Service

Bipartisan group of senators offer clawback bill for bank failures - Roll Call

Four senators from both parties released a draft bill to claw back executive compensation in the five years leading up to a bank failure.

Roll Call

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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

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

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

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

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‘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

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

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

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

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The Independent UK

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

Salon

Bankers cheer anti-regulation Republican

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

Boston Herald

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.

Fortune

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?

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Salon

Sens: Rent-setting algorithm "alarming"

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

Boston Herald

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

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

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

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

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.

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