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Today, I joined Senator Tom Carper, the ranking member of the Senate Committee on Homeland Security & Governmental Affairs, to ask the General Services Administration (GSA) how it plans to address Donald Trump’s conflicts of interest. In 2013, Mr. Trump signed a lease with the GSA, allowing one of his companies to transform the Old Post Office building in Washington, DC, into a luxury hotel....
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Senators Warren and Carper Question GSA on President-elect Trump’s Conflicts of Interest

Today was supposed to be a good day for American workers. Because of a new Labor Department rule, 4 million people who work 45, 50, or 60 hours per week were finally going to be eligible for overtime pay today. But that’s not happening – because corporate lawyers and lobbyists swooped in and persuaded a court to block that new overtime rule. Now, those 4 million people will have to keep right...
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Retail giant TJX to expand overtime pay despite block of Obama rule - Boston Business Journal

Billionaire hedge fund managers like Whitney Tilson are thrilled by Donald Trump’s economic team of Wall Street insiders: “I think Donald Trump conned [voters]. I was worried that he was going to do crazy things that would blow the system up. So the fact that he’s appointing people from within the system is a good thing.”

Tilson knows that, despite all the stunts and rhetoric, Donald Trump...
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Wall Street Wins Again as Trump Picks Bankers, Billionaires

Since the public got wind of the Big Pharma giveaways in the 21st Century Cures Act and Congress started feeling the heat, the bill has changed a little. The House took out a provision letting drug companies hide kickbacks to doctors. Good. But this medical innovation bill still lets drug companies get away with fraud – while not doing nearly enough to help generate real cures for Alzheimer’s,...
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Republicans aren’t waiting for President Donald Trump to roll back the rules on Wall Street. On Thursday, the House will vote on H.R. 6392, a bill that does nothing for community banks but eliminates many of the Dodd-Frank financial reform rules for 30 of the biggest banks in the country. Banks this big – like Washington Mutual and Countrywide – were at the heart of bringing down our economy...
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Will Democrats Stand Up to Trump? Here’s Their First Test

No one who works full time should live in poverty: not fast food workers, not Uber drivers, and not the hardworking men and women at Logan International Airport and airports around the country.

Hardworking Americans should be able to build some economic security for themselves and their families – and that starts by raising the minimum wage to $15/hour and by making sure that every worker...
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For years, Congress has been working on legislation to advance medical innovation in the United States. But in the closing days of this Congress, Big Pharma has hijacked this 21st Century Cures Act – and every good, common-sense, bipartisan proposal will die unless Democrats make it easier for giant drug companies to commit fraud, give out kickbacks, and put patients’ lives at risk. I know the...
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The Consumer Financial Protection Bureau and other agencies caught Wells Fargo opening more than two million fake checking and credit card accounts. Wells Fargo made a big show of promising to treat their customers better, but now we can see just how meaningless that promise is.

After dozens of Wells Fargo customers sued the bank to recover fees they were charged from these fake accounts,...
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Wells Fargo Asks Court to Force Customers to Arbitration in Fake Accounts Cases

Many workers don’t stay in the same job for twenty or thirty years anymore. When people change jobs after a few years, they often leave their retirement accounts behind. Moving accounts between employers is not easy, so many workers never get around to it. As a result, 30% of all retirement accounts may be lost or neglected. That’s hundreds of millions of dollars in lost retirement savings.
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Whatever Happened to That Old 401(k)?

I joined Rep. Elijah Cummings, the ranking member of the House Oversight Committee, to ask the U.S. Government Accountability Office (GAO) to review Donald Trump’s taxpayer-funded Presidential transition this morning. The President of the United States should work for you – and not exploit the most powerful office in the world and your tax dollars to make a quick buck. Trump’s transition –...
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Warren and Cummings Ask GAO to Review "Chaotic" Trump Transition

Retired General Michael Flynn, President-elect Trump’s choice for National Security Advisor, insists that it is "RATIONAL" to fear all Muslims, even your neighbors, your classmates and coworkers, your fellow Americans. He claims that grotesque, murderous, and radical terrorists represent an entire religion of 1.7 billion people. He says that Islam is a "cancer."

Such words don't make him...
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Trump's Pick For National Security Adviser Loves To Stoke Islamophobia

Last April, the Education Department announced a new partnership with the Social Security Administration, identifying 387,000 Social Security recipients with total and permanent disabilities who are eligible for loan forgiveness. Unfortunately, without Treasury Department guidance, these Social Security recipients could end up caught in an IRS nightmare – audited or sent into collections for a...
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The IRS could instantly help 387,000 disabled Americans. What's it waiting for?

Donald Trump promised that he wouldn’t cut Social Security. "We're going to save your Social Security without making any cuts. Mark my words," Trump said. But personnel is policy – and yesterday, Donald Trump named former Dallas Mayor Tom Leppert to head up his Social Security Administration transition team. A guy who called for privatizing Social Security and raising the retirement age when...
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Trump's Social Security point man called for privatization

Over and over again, giant corporations and their well-paid “experts” tell us that mega-mergers will benefit all of us. Over and over again, they are wrong. Just last week, ProPublica revealed that big businesses spend top dollar to hire economists with fancy credentials who distort data to make bad mergers look harmless.

Mega-mergers have fattened the pocketbooks of the super-rich while...
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These Professors Make More Than a Thousand Bucks an Hour Peddling Mega-Mergers

Donald Trump swindled thousands of students at his sham “Trump University.” That’s not up for debate anymore – that’s a fact. Donald Trump just paid $25 million for breaking the law and ripping off students. It is totally unprecedented for a President-elect of the United States to have to settle fraud lawsuits before taking office.

It is only fair that these Trump University victims will get...
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New York attorney general announces $25 million settlement in Trump University case - The Boston Globe

Governor Mitt Romney: When you're meeting with Donald Trump, maybe you could bring your binders full of women with you?
Donald Trump isn’t “draining the swamp.” He’s inviting the biggest, ugliest swamp monsters in the front door – turning them loose on our government and our economy. Donald Trump’s word – his promise to the American people – is worth nothing. Today I spoke on the Senate floor about Trump’s decision to hand over the government to the worst kind of DC insiders and special interests. Take a look.
Donald Trump’s transition team is talking openly about implementing the sweeping national database of American Muslims he promised during his campaign. Last night, one of Trump’s SuperPAC allies said it would probably be fine because our government placed Japanese-Americans in internment camps during World War II.

Registering and tracking Americans based on race, national origin, or...
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A majority of Americans – Democrats, Republicans, and Independents – believe that the game is rigged for the big banks and giant corporations. One of the clearest messages coming out of last week’s election is that the American people do not want Wall Street running their government. So why is Wall Street celebrating? Because Donald Trump already ditched his campaign promises and “is putting...
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Bankers celebrate dawn of Trump era

Earlier this week, Donald Trump announced that Steve Bannon – a bigot supported by the KKK and the American Nazi Party – would be his Chief Strategist in the White House. This moment is a moral test for all of us, including the business community.

Today, Senate Banking Committee Ranking Member Sherrod Brown, House Financial Services Committee Ranking Member Maxine Waters, Rep. Keith Ellison...
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Brown, Waters, Warren, Ellison Demand Financial Services Industry Condemn Bannon Appointment