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Elizabeth Warren

All articles tagged with #elizabeth warren

Pressure grows to sign housing bill as prices hit a record high
politics2 days ago

Pressure grows to sign housing bill as prices hit a record high

As U.S. housing costs reach an all-time high, lawmakers urge President Trump to sign the bipartisan ROAD to Housing Act, which would curb large investors buying single-family homes, streamline NEPA reviews, and fund grants to boost housing; Trump’s refusal to sign—paired with calls from Warren, Klobuchar, and Pappas—has sparked renewed outrage even as the National Association of Realtors reports a record $440,600 median existing-home price.

via Common Dreams|
#amy-klobuchar#chris-pappas#donald-trump
Warren presses Eric Trump on whether Capital One suit will be revived amid CFPB probe
politics10 days ago

Warren presses Eric Trump on whether Capital One suit will be revived amid CFPB probe

Sen. Elizabeth Warren asks Eric Trump to confirm if the Trump family will re-file its Capital One de-banking lawsuit by the July deadline as part of a Senate Banking Committee inquiry into Capital One and CFPB nominee Brian Johnson; the suit, which Capital One denies, previously was dismissed but allowed a July deadline to re-file, with the July 17 date referenced; Warren’s questions also touch on Johnson’s role in a Biden-era Capital One action and the CFPB’s staffing declines under the current administration.

via New York Post|
#capital-one#cfpb#debanking
Warren Demands Transparency From PE Firms Over Data Center Investments
business27 days ago

Warren Demands Transparency From PE Firms Over Data Center Investments

Sen. Elizabeth Warren, the ranking member on the Senate Banking Committee, sent letters to BlackRock, Blackstone, Brookfield Infrastructure Partners and KKR seeking detailed information on their data-center investments, including changes to financial structures and operations, as well as any overlaps with energy utilities. She asks for documentation on regulatory risk mitigation and assurances that their footprint in energy supply and demand won’t drive higher consumer costs. Respondents have declined comment or not yet replied. The move highlights mounting political scrutiny of data centers amid AI growth and rising energy prices.

via Axios|
#business#data-centers#elizabeth-warren
Warren Urges SEC to Hit Pause on SpaceX IPO Amid Valuation and Governance Concerns
business1 month ago

Warren Urges SEC to Hit Pause on SpaceX IPO Amid Valuation and Governance Concerns

Sen. Elizabeth Warren asks the SEC to delay SpaceX's Nasdaq IPO, citing potential valuation inaccuracies and a governance structure where Elon Musk holds multiple leadership roles with outsized voting power. She warns the move could harm ordinary investors and retirement accounts, noting the target valuation of about $1.75 trillion and potential benefits for insiders, amid concerns about the company’s recent xAI merger and Musk’s public comments affecting valuation.

via Gizmodo|
#business#elizabeth-warren#elon-musk
Huang declines Warren’s invite to testify on AI policy
technology1 month ago

Huang declines Warren’s invite to testify on AI policy

Nvidia CEO Jensen Huang declined Sen. Elizabeth Warren’s request to testify at a Senate Banking Committee AI hearing, saying he cannot attend but offering to host her at Nvidia’s Santa Clara headquarters to discuss U.S. leadership in AI, Nvidia’s China business, and export controls; the hearing will examine AI’s role in innovation, affordability and competitiveness, with other witnesses and ongoing export-control policy debates.

via NBC News|
#ai-policy#elizabeth-warren#export-controls
politics1 month ago

Warren–Waters Rift Tests Democratic Housing Push

Elizabeth Warren and Maxine Waters, longtime Democratic allies on economics, are clashing over how to frame the biggest housing reform in decades: Warren backs a Senate bill restricting Wall Street’s housing investments, while Waters cut a more industry-friendly deal in the House. The House bill passed; the Senate’s path is uncertain as leadership on both sides push different versions, with White House backing the House after last-minute changes. The dispute centers on private equity rules and built-to-rent provisions, illustrating a broader Capitol Hill rift as lawmakers seek to boost housing affordability.

via Politico|
#congress#elizabeth-warren#housing-bill
Bezos Frames Melania Doc as Smart Business Move, Not Influence Play
business1 month ago

Bezos Frames Melania Doc as Smart Business Move, Not Influence Play

Bezos tells CNBC the Amazon MGM Studios deal to acquire and release Melania was a smart business decision and denies it was a way to buy influence with the Trump administration, stating he had nothing to do with it. Amazon MGM paid about $40 million to acquire the film and $35 million to market it; Melania has performed well theatrically and on streaming, grossing roughly $16.6 million worldwide. Critics like Senator Elizabeth Warren have questioned potential pay-to-play implications, while Amazon defended the deal as a competitive licensing process. Bezos also commented on Trump’s presidency during the interview, saying he hopes to work with future administrations.

via Variety|
#amazon-mgm-studios#business#elizabeth-warren
politics1 month ago

Banks, Warren Align on Crypto Bill Ahead of Senate Vote

A high-stakes fight over a landmark crypto-regulation bill is reshaping Senate alliances: Wall Street banks back a Tillis–Alsobrooks compromise to curb crypto-yield rewards and stem potential deposits flight, while Elizabeth Warren and progressive Democrats push for tougher stablecoin restrictions. With most Republicans reluctant to concede, the banking lobby is pushing for more changes as the bill advances through the Senate Banking Committee, signaling a rare convergence between Warren and banks against some GOP allies and crypto interests.

via Politico|
#crypto#elizabeth-warren#politics
Warren’s merger-block praise backfires as Spirit Airlines shutters operations
politics2 months ago

Warren’s merger-block praise backfires as Spirit Airlines shutters operations

Sen. Elizabeth Warren defended blocking the JetBlue-Spirit merger as a consumer win, but Spirit Airlines abruptly ceased operations, reviving debate over regulators' decisions to curb consolidation. Critics argue the block reduced competition and may have contributed to Spirit’s collapse, while supporters point to rising fuel costs and long-standing financial struggles as key factors.

via New York Post|
#airline-merger#consumer-protection#elizabeth-warren
Spirit Airlines Collapse Cast as Warren Letter Fallout, Says Treasury Official
politics2 months ago

Spirit Airlines Collapse Cast as Warren Letter Fallout, Says Treasury Official

Treasury Secretary Scott Bessent blamed Elizabeth Warren’s September 2022 letter opposing Spirit’s merger with JetBlue for Spirit Airlines’ collapse four years later, arguing the Biden administration blocked a deal that could have preserved thousands of jobs; Spirit cited rising fuel costs tied to the Iran war and a failed government rescue as the immediate causes, while noting Commerce, not Treasury, was attempting to put together a bailout deal and that JetBlue’s involvement could have strengthened Spirit.

via The Daily Beast|
#elizabeth-warren#jetblue#pete-buttigieg
Spirit Airlines collapse sparks partisan blame game over merger and fuel costs
politics2 months ago

Spirit Airlines collapse sparks partisan blame game over merger and fuel costs

Spirit Airlines’ shutdown has become a political blame game: Republicans accuse the Biden-era blocking of a JetBlue-Spirit merger for dooming the carrier, while Democrats and labor unions blame sharply higher jet-fuel costs tied to the Iran conflict; observers say a mix of merger-block fallout and rising fuel prices contributed to Spirit’s collapse, with thousands of workers affected.

via Yahoo|
#biden-administration#elizabeth-warren#fuel-prices
GOP Pushes Warsh Toward Fed Chair Confirmation as Powell Probe Winds Down
politics2 months ago

GOP Pushes Warsh Toward Fed Chair Confirmation as Powell Probe Winds Down

Republicans on the Senate Banking Committee moved to advance Kevin Warsh’s nomination to head the Federal Reserve the same night the DOJ announced it had dropped its criminal probe into Jerome Powell, drawing Elizabeth Warren’s sharp criticism that the maneuver is meant to fool the public and prompting questions about Warsh’s independence and financial disclosures as a potential hold by Sen. Thom Tillis could complicate full Senate confirmation before Powell’s term ends.

via Common Dreams|
#elizabeth-warren#federal-reserve#jerome-powell
Warsh assets draw Democratic fire ahead of Fed chair confirmation
us-politics-and-policy2 months ago

Warsh assets draw Democratic fire ahead of Fed chair confirmation

Democratic senators on the Senate banking committee are pressing Federal Reserve chair-nominee Kevin Warsh over more than $100 million in undisclosed assets, threatening to complicate next week’s confirmation hearing. Warren described Warsh’s holdings as a red flag and warned a divestment promise isn’t enough for transparency, while the Office of Government Ethics says current disclosure is compliant. Warsh disclosed over $130 million in assets, mostly in Duquesne funds, with Juggernaut kept confidential due to a confidentiality agreement. The probe into Powell and Republican resistance to Warsh’s nomination add to a highly contentious political backdrop for the confirmation.

via Financial Times|
#confirmation-hearings#elizabeth-warren#federal-reserve