Defense spending is not just about the overall price tag – it’s also about spending taxpayer dollars efficiently and eliminating waste. At a recent hearing on the defense budget, I asked experts how the federal government can spend its defense dollars smarter to effectively address modern threats, and about what steps the Pentagon can take to reduce wasteful and duplicative spending.
This week, Wells Fargo announced that it fired four managers in connection with the massive fake accounts scandal that came to light last year. This is a small step in the right direction – but none the four people fired were senior executives. There is still a long way to go to hold individuals responsible for the widespread abuses and fraud that took place at Wells Fargo. The Consumer... View details ⇨
The Affordable Care Act and Medicaid save lives and provide millions of Americans with the guarantee that they have coverage when they need it most. Last month, I met Alyce and her son Sam at a health care forum that I hosted here in the Senate. Alyce had coverage from an ACA plan when Sam was unexpectedly born with serious birth defects. Sam is a happy, healthy kid today, but Alyce is worried... View details ⇨
Earlier this week, Senator Ted Cruz and several of his Republican colleagues introduced a bill to eliminate the Consumer Financial Protection Bureau. This comes on the heels of Jeb Hensarling – the Republican Chairman of the House Financial Services Committee – penning an op-ed in the Wall Street Journal last week calling the CFPB a form of “tyranny” that has “eroded freedom” and “must go.”
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A few hours ago, a judge in Oklahoma ordered the release of thousands of emails about EPA nominee Scott Pruitt’s relationship with Big Oil. Republicans must be worried about what’s in those emails, because they’re jamming through his nomination tomorrow – just FOUR DAYS before the emails will be released! Those emails may show corruption – but we already know that Scott Pruitt always sides... View details ⇨
This morning, I joined to hundreds of workers in front of the US Capitol – workers who fought their hearts out to stop Carl’s Jr/Hardee’s CEO Andrew Puzder’s nomination for Secretary of Labor. Some days, the good guys win. This is one of those days.
Very glad to meet with 20+ presidents and trustees of Massachusetts community colleges this afternoon. We discussed ways the federal government can support our community colleges and invest in Pell Grants for students. Glad to fight with them to make sure all Massachusetts students have an affordable college option.
Donald Trump’s nominee for Labor Secretary – Carl’s Jr and Hardee’s CEO Andy Puzder – has made his fortune treating workers with total contempt. Reports say Puzder is tired of all the questions and may withdraw his nomination. I’m heading to the Senate floor now to call on Andy Puzder to do just that.
Donald Trump’s nominee for Budget Director also has contempt for working families. Issue by... View details ⇨
If you can drive a military truck in combat, with hazardous cargo, at night, through a sandstorm, then you can drive a commercial truck on an interstate. If you can dock or anchor a 10,000 ton warship under extreme stress, you can do the same thing for a small commercial ship. We spend hundreds of millions to train our servicemembers to do highly skilled jobs, and they are the best at what... View details ⇨
For the past month, President Trump and the Republicans have been working around the clock to sabotage health care in America. Issue a vague executive order calling for waiving unspecified pieces of the Affordable Care Act: check. Talk endlessly about repealing health insurance for millions of Americans without producing a plan to help people get coverage: check. Pull down all the ads... View details ⇨
Last week, the Consumer Financial Protection Bureau stopped a scam that cost 9/11 first responders millions of dollars. Congress provided money to the heroes of 9/11 who rushed into the twin towers – firefighters, police officers, paramedics – to cover the costs of medical care. But a scam artist targeted these payments and pocketed millions of dollars that should have gone to people with... View details ⇨
President Donald Trump claims that he’s trying to dismantle the Dodd-Frank Wall Street reform rules because it’s tough for his business buddies to borrow money. So I asked Federal Reserve Chair Janet Yellen if that was true – and the data do not back up President Trump. His economic advisers claim that capital requirements – the capital a bank must hold to withstand an economic crisis –... View details ⇨
Donald Trump promised to take on Wall Street, but since coming to office he’s done Wall Street’s bidding – attacking the Consumer Financial Protection Bureau and starting to unwind the Labor Department’s conflicts-of-interest rule that would save working families $17 billion a year. Check out my interview on the President’s complete 180 on holding Wall Street accountable.
During his 16-year tenure as the CEO of Carl’s Jr and Hardee’s, Andrew Puzder has made a fortune by squeezing his workers out of wages and benefits – the same workers he’d be charged with protecting as Secretary of Labor. And his company has an appalling record of labor law abuses and the most discrimination lawsuits of any major burger chain – the same labor laws he’d be charged with... View details ⇨
Far-right activist groups and their corporate donors spent millions to steal a Supreme Court nominee – then handed over a list with Neil Gorsuch’s name on it to Donald Trump so he could do his buddies a favor. Judge Gorsuch’s record shows that he clearly and consistently favors the interests of big corporations over workers, consumers and pretty much everyone else.
Politico Magazine just published a horrifying story about hard-working Americans who have been seriously injured or killed because their employers ignored workplace safety standards. In one case, an explosion at a Mississippi shipyard killed two workers and burned another so badly that he was in a medically induced coma for 3 weeks. That company’s consequence for sending its workers into a... View details ⇨
Yesterday, just two days after a federal court upheld a Labor Department rule to prevent retirement advisers from cheating their customers and draining their savings, the Trump Administration backtracked on their regulatory freeze and submitted a proposed regulation to delay the new rule for 180 days.
Let’s be clear about what this means. On his first full day in office, President Trump... View details ⇨
Steve Mnuchin – Donald Trump’s choice for Treasury Secretary – spent 17 years at Goldman Sachs peddling the kinds of mortgage-backed securities that blew up our economy. Then he ran a bank that aggressively and sometimes illegally foreclosed on people’s homes. There’s nothing in Steve Mnuchin’s record to suggest that he could stand up to Wall Street – or that he’d even want to stand up to Wall... View details ⇨