Tory Newmyer, The Washington Post Published 6:00 am PST, Friday, November 16, 2018 Sen. Elizabeth Warren is sounding the alarm about a danger she says could set off another financial crisis if regulators don't police it. The pileup of lending to companies that are carrying high debt loads poses a gathering threat to the economy, the Massachusetts Democrat and likely 2020 presidential contender argued in a Thursday hearing and in letters to regulators. The problem, as she sees it, is that underwriting standards for the loans have grown too loose in a market that tops $1 trillion, much as they did for subprime mortgages before the meltdown a decade ago. "I'm not sure that I see much distinction between what you're doing now and the Fed was doing pre-2008, and I think that's deeply worrisome," Warren told Randal Quarles, the Federal Reserve's vice chairman for supervision, at a Senate Banking Committee hearing. "I'm very concerned that the Fed dropped the ball before and … [Read more...] about The Finance 202: Elizabeth Warren: Regulators are ignoring a major economic threat
POLITICS 11/15/2018 08:37 pm ET The Democrat ousted GOP Rep. Mimi Walters in historically Republican Orange County. By Daniel Marans Katie Porter, a consumer law expert and former student of Sen. Elizabeth Warren (D-Mass.), flipped a GOP-held seat in California’s traditionally Republican Orange County. Because so many California voters cast their ballots by mail or through absentee voting, the final outcome of the race was decided more than a week after Election Day. Porter initially trailed her opponent, but the ballots counted after Nov. 6 skewed toward her. Porter benefited from the backlash to President Donald Trump among moderate suburban voters in California’s 45th Congressional District ― one of seven Republican-controlled seats in a state that Hillary Clinton won in 2016. She ran as an unabashed proponent of Medicare for all, expanded Social Security and tough banking rules, but emphasized issues with broad appeal: the damaging … [Read more...] about Elizabeth Warren Protégé Katie Porter Wins Southern California House Race
Breaking News Emails Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. SUBSCRIBE Nov. 15, 2018 / 11:22 PM GMT By Benjy Sarlin WASHINGTON — A sweeping ethics bill by Senator Elizabeth Warren, D-Mass. is making the jump to the newly Democratic House. Rep. Pramila Jayapal, D-Wash., plans to introduce companion legislation in the coming days that she hopes will become a rallying point for progressives. The Anti-Corruption and Public Integrity Act is headlined by a lifetime ban on lobbying by former lawmakers, presidents, and top executive branch appointees, but includes a wide array of additional provisions. Some connect directly to President Trump’s conduct in office, like a proposed requirement that presidents make tax returns public and sell off companies to avoid conflicts of interest. Others touch on recent scandals in the administration and Congress, including a provision banning individual stock trading … [Read more...] about Elizabeth Warren’s ethics bill is moving to the House. Does the new Democratic Congress want it?
Jordyn Holman, Bloomberg Published 8:16 am PST, Thursday, November 15, 2018 Senator Elizabeth Warren, D-Mass., questions witnesses during a hearing in Washington, D.C. on Oct. 2, 2018. Senator Elizabeth Warren, D-Mass., questions witnesses during a hearing in Washington, D.C. on Oct. 2, 2018. Photo: Bloomberg Photo ByAndrew Harrer Photo: Bloomberg Photo ByAndrew Harrer Image 1 of / 1 Caption Close Image 1 of 1 Senator Elizabeth Warren, D-Mass., questions witnesses during a hearing in Washington, D.C. on Oct. 2, 2018. Senator Elizabeth Warren, D-Mass., questions witnesses during a hearing in Washington, D.C. on Oct. 2, 2018. Photo: Bloomberg Photo ByAndrew Harrer Sen. Elizabeth Warren presses consulting firms to … [Read more...] about Sen. Elizabeth Warren presses consulting firms to disclose work with Saudi Arabia
U.S. Sen. Elizabeth Warren, on the heels of a successful reelection bid this week, said it’s “too early” for her to have begun considering whether she’ll make a presidential run in 2020. “It’s less than 48 hours,” Warren said at a press conference Thursday, The Boston Globe reports. “I said I would take a hard look and I will. Too early.” On Tuesday, Warren garnered 60 percent of the vote against Republican Geoff Diehl and Independent Shiva Ayyadurai to secure a second term. The prominent Democrat, often speculated as a potential presidential candidate, also told reporters she has no timeline for her decision making, adding she was focused on the midterm elections until this week. But Warren has previously stoked the belief that she’ll mount a campaign for the Oval Office. In recent months, she has donated thousands to Democrats across the country, launched Senate reelection ads seen by millions around the United … [Read more...] about Elizabeth Warren: It’s ‘too early’ after midterms to think about a 2020 run