Tag: Elizabeth Warren

“Pro-Labor President” Backs Down Ahead of Rail Strike

Several progressives in the House have already indicated that they will not support the legislation without sick leave provisions. “I can’t in good conscience vote for a bill that doesn’t give rail workers the paid leave they deserve,” Representative Jamaal Bowman tweeted on Tuesday. Representative Steny Hoyer, the House majority leader, said that he believed […]

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Sam Bankman-Fried’s FTX Downfall Is a Cryptocurrency Warning for Democrats

There is a lesson here for Democrats: Get out of bed with crypto bros like Bankman-Fried and regulate the industry. For most of the last few years, the party has been divided on the rise of cryptocurrency, which is decentralized, unregulated digital currency. Warren, in particular, has pushed for more regulation, citing its potential for […]

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Border Patrol chief advised to resign or be fired: reports

Customs and Border Protection (CBP) chief Christopher Magnus told multiple outlets Friday that he has no plans to step down despite being told by Department of Homeland Security (DHS) Secretary Alejandro Mayorkas that he should resign or expect to be fired shortly. “I want to make this clear: I have no plans to resign as […]

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The Fifth Circuit Just Defunded the (Consumer Protection) Police

In the Fifth Circuit’s telling, however, Selia Law only made things worse. Wilson, writing for the panel and quoting from a Fifth Circuit judge in a different CFPB case, said that Selia Law “exacerbates the constitutional problem” he saw in the CFPB’s funding structure. “An expansive executive agency insulated (no, double-insulated) from Congress’s purse strings, […]

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Biden’s student loan forgiveness plan to cost about $400 billion: CBO

The Biden administration’s sweeping effort to provide widespread student loan forgiveness for some Americans will cost about $400 billion, according to new reporting by Congress’s nonpartisan budget scorekeeper. The estimate applies to the plan Biden announced last month to forgive $10,000 in federal student loan debt for borrowers earning under $125,000 and $20,000 for borrowers who received Pell […]

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Delaying a Vote on Same-Sex Marriage Isn’t a Death Knell

But wait! Why not just hold the vote before the election, and then bring it up for a second vote afterwards? Well, there are several problems with that strategy. Number one: The bipartisan group asked Schumer for more time, so if he overruled them and brought it up for a vote anyway, that would seriously […]

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How Chuck Schumer Finally Got His Big Breakthrough

With the public optimism of a party leader, Schumer told me he thinks Democrats will keep and even expand their majority. “We’re going to do a lot more. We’re not finished,” Schumer said. “But I think the [Inflation Reduction Act] showed the possibilities of what we can do if we stay together, if we stay […]

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Warren: Fed chief threatening ‘surprisingly strong economic recovery’

Sen. Elizabeth Warren (D-Mass.) writes in a new op-ed that Federal Reserve Chairman Jerome Powell’s efforts to control inflation risk “triggering a devastating recession” and jeopardizing the country’s “surprisingly strong” post-pandemic economic recovery.  “Rising costs are an urgent problem, and interest rates play a key role in maintaining price stability. But urgency is no excuse […]

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