With a populist message that promises to rein in corporate excess, Ms. Warren has been facing more hostility from the finance industry than any other candidate. From corporate boardrooms to breakfast meetings, investor conferences to charity galas, Ms. Warren’s rise in the Democratic primary polls is rattling bankers, investors and their affluent clients, who see in the Massachusetts senator a formidable opponent who could damage not only their industry but their way of life.
Elizabeth Warren wants to cancel part or all student loan debt for 95 percent of Americans and make public college free for everyone—the latest, and perhaps most ambitious, policy proposal for the 2020 Democratic contender. Warren announced the policy in a Medium post Monday morning.
One of America’s major political parties may not yet be willing to acknowledge that climate change is real, but it is already having significant effects on the U.S. military. Flooding in Nebraska and a hurricane in Florida that damaged military installations led to a recent Pentagon request of $5 billion in relief money. Now Sens. Elizabeth Warren, D-Mass., and Jack Reed, D-R.I., are calling on the Government Accountability Office to assess military contractors’ vulnerability to climate risks.
Sen. Elizabeth Warren is unveiling a new way to tax corporations: Take them at their word. Due to the vagaries of American corporate accounting, companies routinely tell investors on conference calls that they made billions in profit over the previous quarter, then turn around and tell the IRS that, actually, they made no money at all, so they don’t owe any taxes. Warren’s plan would tax those companies on the profits they claim publicly.
The proposed $28 billion merger announced Thursday between large regional banks SunTrust and BB&T is the biggest banking tie-up since the financial crisis, creating what would become the nation’s sixth-largest bank. And it’s a direct result of actions taken by the Trump administration and the bipartisan group of lawmakers who passed a bank deregulation bill in 2018.
Elizabeth Warren, the Massachusetts senator tipped as a Democratic presidential candidate in 2020, has unveiled new plans for legislation aimed at reining in big corporations, redistributing wealth, and giving workers and local communities a bigger say.
Sen. Elizabeth Warren had a confounding exchange with Treasury Secretary Steven Mnuchin at a Senate Banking Committee hearing today. Mnuchin indicated that the Trump administration supports a 21st century version of the Glass-Steagall Act, except for the part about separating commercial and investment banks, which is substantially what is meant by Glass-Steagall.
In an extraordinarily rare move, Senate Majority Leader Mitch McConnell interrupted Warren's speech, saying she had breached Senate rules by reading past statements against Sessions from the late senator Edward M. Kennedy (D-Mass.) and the late Coretta Scott King.
Roger Lowenstein, the journalist-turned-chairman of the Sequoia mutual fund, criticizes Warren, “the nation’s unelected regulatory czar,” for being too outspoken about the financial industry. Lowenstein is the director of a mutual fund, which stands to lose significant market share if investors leave for index funds. So his hit job on Elizabeth Warren has the dual purpose of lobbying a regulatory agency to protect his business.
Like many Americans, Sen. Elizabeth Warren wants to know why the DOJ hasn't criminally prosecuted anyone responsible for the 2008 financial crisis. On Thursday, Warren released two highly provocative letters demanding some explanations. One is to DOJ Inspector General Michael Horowitz, requesting a review of how federal law enforcement managed to whiff on all 11 substantive criminal referrals submitted by the Financial Crisis Inquiry Commission (FCIC), a panel set up to examine the causes of the 2008 meltdown