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Elizabeth Warren
@elizabethwarren· Democratic · MA· Mar 16, 2023

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.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Mar 16, 2023

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.

congress.gov
Elizabeth Warren
@elizabethwarren· Democratic · MA· Mar 16, 2023

On Monday, President Biden called on Congress and regulators to 'strengthen the rules for banks to make it less likely that this kind of bank failure will happen again.'

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Mar 16, 2023

House Republicans are holding the U.S. economy and millions of workers hostage by threatening not to raise the debt limit unless Democrats agree to massive cuts to critical government programs.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Mar 16, 2023

So the question I have here is, if the law had not-- let us not just do stress tests.

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Mar 16, 2023

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.

congress.gov
Elizabeth Warren
@elizabethwarren· Democratic · MA· Mar 16, 2023

House Republicans are holding the U.S. economy and millions of workers hostage by threatening not to raise the debt limit unless Democrats agree to massive cuts to critical government programs.

congress.gov
Ed Markey
@edmarkey· Democratic · MA· Mar 16, 2023

So that is how you think that women and minorities can be better included by broadening the pipeline, by taking the actions that you just mentioned so that we have got a strategy to reach out to include them and to help them to make it…

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Elizabeth Warren
@elizabethwarren· Democratic · MA· Mar 16, 2023

I am committed to making sure that that happens, both in Massachusetts and all around the country.

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Ed Markey
@edmarkey· Democratic · MA· Mar 16, 2023

And finally, we can't really talk about aviation workforce issues without talking about airport service workers.

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Ed Markey
@edmarkey· Democratic · MA· Mar 16, 2023

So that is how you think that women and minorities can be better included by broadening the pipeline, by taking the actions that you just mentioned so that we have got a strategy to reach out to include them and to help them to make it…

congress.gov
Elizabeth Warren
@elizabethwarren· Democratic · MA· Mar 16, 2023

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.

congress.gov
Elizabeth Warren
@elizabethwarren· Democratic · MA· Mar 16, 2023

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

congress.gov
Elizabeth Warren
@elizabethwarren· Democratic · MA· Mar 16, 2023

So the question I have here is, if the law had not-- let us not just do stress tests.

congress.gov
Elizabeth Warren
@elizabethwarren· Democratic · MA· Mar 16, 2023

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

congress.gov
Elizabeth Warren
@elizabethwarren· Democratic · MA· Mar 16, 2023

On Monday, President Biden called on Congress and regulators to 'strengthen the rules for banks to make it less likely that this kind of bank failure will happen again.'

congress.gov
Elizabeth Warren
@elizabethwarren· Democratic · MA· Mar 16, 2023

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.

congress.gov