Sen. Elizabeth Warren's report claims the Trump administration's changes to the Consumer Financial Protection Bureau (CFPB) have cost Americans up to $26.5 billion, primarily through rolled-back rules on credit card late fees and overdraft charges.
Senator Elizabeth Warren urged the SEC to delay SpaceX's IPO, citing concerns over valuation, corporate governance, and potential risks to investors, especially those in passive index funds.
Nvidia CEO Jensen Huang declines Senate Banking Committee invitation to testify on AI development, China business, and export controls, citing inability to attend, amid growing US scrutiny on AI technology sales to China.
Senator Elizabeth Warren opposes Kevin Warsh as Trump's Federal Reserve nominee, voting no along party lines in the Senate Banking Committee. The committee approved Warsh 13-11, setting the stage for a full Senate confirmation. Warren claims Trump is trying to control the Fed to juice the economy before November elections, and warns of long-term damage to families. If confirmed, Warsh would become the third Trump-backed member of the seven-member Board, while Trump also seeks to remove Gov. Lisa Cook through the Supreme Court.
Senator Elizabeth Warren warned at a Vanderbilt Policy Accelerator event that AI companies' massive spending and borrowing practices create parallels to the 2008 financial crisis. She cited opaque financing from private credit funds without regulatory oversight, and called for a new digital regulator and refusal to bail out the industry.
Sen. Elizabeth Warren is demanding answers from U.S. Transportation Command Commander Gen. Randall Reed about discrepancies in information regarding the evacuation of U.S. citizens from the Middle East after the Iran war began on Feb. 28. TRANSCOM told Warren's office in March that it had not been contacted by the State Department for evacuation assistance, but Reed testified on March 12 that the State Department made a Feb. 28 request. Warren called for detailed information on TRANSCOM's evacuation efforts and capacity to evacuate Americans from Lebanon if a ceasefire fails.
Kevin Warsh disclosed assets worth about $135 million to $226 million, but key holdings tied to the Juggernaut Fund were not fully detailed. Critics say the omissions raise ethics compliance questions ahead of his Senate confirmation hearing.
