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The Latest Breaking News from Elizabeth Warren

Senators demand Pentagon investigate if Chinese investors secretly infiltrated Elon Musk’s SpaceX, and what they find could be devastating

Potential national security threat.

We Got This Covered

Meet the first CEO of the IRS: A Jamie Dimon protégé facing a $5 trillion test this tax season

Wall Street legend Frank Bisignano has become the most prominent businessperson to dive into government work.

Fortune

Trump’s unlikely promise to ‘end inflation’ still saw families paying an extra $2,120 for goods and services in 2025

Exclusive: The year-on-year inflation increase equates to an added cost of $2,120 per household, assuming they purchased the same goods and services in 2025 that they bought in 2024. That includes an increase of $123 on electricity bills and $150 on groceries.

Fortune

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Warsh's path to Fed chair may face even GOP obstacle in Senate

President Trump says he'll nominate Kevin Warsh, a Federal Reserve Board member from 2006 to 2011, to be the next chairman.

Roll Call

California billionaires’ revolt over a wealth tax is ‘nonsense,’ architect says: A 1% annual tax won’t doom anyone’s business

UC Berkeley professor Brian Galle told Fortune he’s an “enthusiastic capitalist” and his tax ideas have nothing to do with harming the U.S. economy.

Fortune

Why Democrats are suddenly embracing universal childcare

Candidates are putting universal childcare on platforms, and strategists say it could be a winning issue

The Guardian - US

CBO: National Guard deployments cost half-billion dollars

Patrols in six U.S. cities cost about $496 million in 2025, and continued deployments would cost about $93 million per month.

Roll Call

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Democratic lawmakers accuse Trump of letting white-collar criminals ‘off the hook’

Elizabeth Warren and others call for inquiry into Trump for diverting tax evasion resources to immigration crackdown

The Guardian - US

The GOP Looks Increasingly Like a Home for Elizabeth Warren and Bernie Sanders

Many Republicans are now openly embracing ideas from the progressive playbook. Call them "Depublicans."

Reason

Supreme Court to hear arguments on Trump firing of Fed member

The Supreme Court is set to hear arguments Wednesday over President Donald Trump's power to remove a member of the Federal Reserve Board.

Roll Call

5 Politicians Who Started in Finance — and Where They Are Now

From Elizabeth Warren to Mark Carney, discover some politicians who started their careers in the financial space. Plus, see where each of them is now.

GOBankingRates

‘America first’? Trump financial products raise questions about potential presidential conflicts of interest

Five exchange-traded funds have been launched by Trump Media, owner of the president’s social media platform Truth Social

The Guardian - US

Anthony Scaramucci thinks Trump's 'hard-left' move to cap credit-card fees is because he's 'texting back and forth with Mayor Mamdani'

The "mooch" says it really shows a pivot to "full nihilism." His podcast guest, longtime GOP strategist Stuart Stevens, called it "darkly hysterical."

Fortune

Elizabeth Warren reaches Trump on a crucial topic, but sane voters say they ‘won’t be fooled by this charade’

If only we could eavesdrop on their call.

We Got This Covered

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The Guardian - US

Trump’s attempt to control Fed ‘undermines America’, Elizabeth Warren warns

Senator condemned president’s bid to weaken central bank’s independence and examined Democrats’ future

Roll Call

GOP lawmakers ding Powell probe as coercion, distraction

Some Republican lawmakers on Monday criticized the Justice Department’s investigation of Federal Reserve Chairman Jerome Powell.

Roll Call

Warren pitches a bigger economic tent for Democrats

Sen. Elizabeth Warren says Democrats need to hone their messaging on economic populist ideas as they look to regain ground in the midterms.

The Guardian - US

Trump announces one-year 10% cap on credit card interest rates

Critics express doubt president can implement such a move without approval from Congress

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The Guardian - US

Senators claim UnitedHealth is withholding internal documents from inquiry

UnitedHealth says it will ‘continue to engage’ with lawmakers who began investigating their involvement in nursing home care after Guardian investigation

International Business Times UK

The $21 Billion Watchdog America Is About to Lose: CFPB to Run Out of Money in January

America's consumer protection agency faces a funding freeze engineered by its own acting director. With $711.6M remaining, the countdown to a potential January shutdown is underway.

Capital & Main

Trump’s Biggest Inaugural Donor Benefits from Policy Changes That Raise Worker Safety Concerns

Meatpacking giant JBS gave $5 million; industry soon celebrated a decision to make those on the assembly line work faster.

Reason

Politicians Say AI Data Centers Are Driving Up Electricity Costs. That's Not How Energy Prices Work.

Rising electricity prices are being pinned on data centers, but demand isn’t what makes power expensive.

International Business Times UK

'Zombie Mortgages' Haunt 9 Million Homeowners with Debts That Doubled After 20 Years

Millions of US homeowners face financial ruin as debt collectors revive dormant second mortgages from the 2008 crisis, demanding payments that have ballooned with decades of back interest.

The Guardian - US

Democratic senators investigate data centers’ effects on electricity prices

Elizabeth Warren, Richard Blumenthal and Chris Van Hollen demand answers from tech firms including Google and Amazon

Tom’s Hardware

Elizabeth Warren, other U.S. senators concerned about big tech pushing up electricity costs — demands explanation from Amazon, Google, Meta as AI data centers drive up residential energy bills

Three Democratic Senators are investigating the impact of the massive AI data center build out on the electricity bill of the average American.

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