
But caving into Republican demands for massive cuts would be no less disastrous: austerity would trigger a year-long recession and put 2.6 million people out of work.
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But caving into Republican demands for massive cuts would be no less disastrous: austerity would trigger a year-long recession and put 2.6 million people out of work.

In 2018 though, Trump's bank deregulation law and the door it opened for Fed Chair Powell to further hack away at the rules created an exception to annual Fed-administered stress tests, letting banks from $50 billion to $250 billion…

The bridges are vital assets for the Cape Cod economy but they are in desperate need of replacement.

It would also diminish gross domestic product (GDP) by almost 3 percent over the next decade, the equivalent of putting the entire U.S. economy on pause for a full year.

Certainly, default would be catastrophic: according to a recent analysis, even a days-long debt ceiling breach would trigger a recession and cost nearly 1 million Americans their jobs.

And that is why I am working on legislation to create and support aviation programs at minority serving institutions and at institutions focused on increasing racial and gender representation in this area.

These bank failures were the direct result of policymakers' decisions over the last 5 years, beginning with a 2018 law signed by President Trump.

Water, water, everywhere, but not a drop to drink.

So only $30 million was appropriated last year for small and disadvantaged communities, even though $60 million was authorized in the Bipartisan Law.

Thanks to the leadership of our Chair and our bipartisan work with the Administration, this funding and other resources are getting out the door and into our pipes.

on Friday, we experienced the second largest bank failure in our Nation's history. And make no mistake, this failure was the direct result of leaders in Washington weakening financial rules. In the aftermath of the 2008 financial crisis…

Last week, I introduced the Water System Threat Preparedness and Resilience Act, which would provide funding for clean water and wastewater utilities to become members of Water ISAC.

In 2021, a malicious actor hacked into a water treatment facility in Florida and increased the level of lye, an ingredient used in soap and fertilizer in the water, by over 11,000 percent. Fortunately, an operator noticed the intrusion…

So we don't need small water systems left out, because they serve populations that could have the same kind of catastrophic circumstances.

As President Trump’s nominee for SSA Commissioner, you will be responsible if the Trump Administration’s attacks on the program result in failures or delays in getting Americans their Social Security checks — in other words, a backdoor cut…

The net result could be a disaster: more overpayments and waste in the system, at the same time that Americans who have earned their Social Security benefits are unable to receive them.

If the agency seeks to reduce its staff further, the results will be devastating.