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.
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
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.
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.
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…
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…
If the agency seeks to reduce its staff further, the results will be devastating.
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.
This would represent a reduction in workforce of over 10 percent and will have devastating impacts on the program.
If the Republicans want to sit down and negotiate, what they got to do is, first, they need to vote to raise the debt ceiling.
The Republicans right now are just playing hostage games. So they're saying, if you don't do what we want to do, we're going to default on the debt.
I think it says, we're taking you on. Look, the Republicans have made clear what they want to do. They want no tax increases for the wealthy and the well connected, and they want to impose a lot of cuts on everybody else.
What the President has put forward is he said, I want to do this the other way. I want to invest in America, I want to invest in middle class people and working families.
What the President is trying to do, for example, with Medicare, is to say we can extend the life of Medicare by just changing how much we're paying the drug companies, negotiating for drug prices and bring down costs for American families.
This is about security in the short term right now. And to just hand that over for political purposes, to try to reshape a narrative that's at odds with what America saw with its own eyes, that is genuinely dangerous and shocking.
First, repealing the Trump tax cuts for the wealthy and for giant corporations.
Year after year, the Republican playbook has been simple--more help for their rich buddies and more economic pain for everyone else.
We need a Fed that will fight for families, and if you are not going to lead that charge we need someone at the Fed who will.
for decades the country has underinvested in our housing supply, and the data I see suggests we're now facing a shortage of as many 7 million affordable homes.
First, repealing the Trump tax cuts for the wealthy and for giant corporations.
the childcare sector is already short about 60,000 employees, compared just to pre-pandemic
We need a Fed that will fight for families, and if you are not going to lead that charge we need someone at the Fed who will.
House Republicans don't seem concerned about the upcoming debt limit deadline.





