Millions of student-loan borrowers will face 'catastrophic consequences' like delays in debt relief if Congress doesn't give Biden's Education Department more money, 17 Democratic lawmakers say

Tech Insider : Economy, Politics
Sen. Elizabeth Warren
SEPTEMBER 20: U.S. Sen. Elizabeth Warren (D-MA).

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SVB depositors including Roku and Roblox are under scrutiny from Elizabeth Warren and AOC for their 'unusually cozy' relationships with the failed bank

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AOC
Rep. Alexandria Ocasio-Cortez of New York.

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A major student-loan lender is 'actively working to harm' millions of borrowers by trying to block Biden's debt relief, Elizabeth Warren and Ayanna Pressley say. They're demanding answers about this 'dangerous and cynical ploy.'

Tech Insider : Economy, Politics
Rep. Ayanna Pressley, Sen. Elizabeth Warren
Rep. Ayanna Pressley, Sen. Elizabeth Warren.

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Biden could protect student-loan borrowers from being stuck with useless degrees and a lot of debt by bringing back a rule Trump ditched, progressive lawmakers say

Tech Insider : Economy, Politics
Rep. Pramila Jayapal
U.S. Rep. Pramila Jayapal, chair of the Congressional Progressive Caucus.

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Bank chaos has altered the fight against inflation — but the Fed says every tool is still on the table

Tech Insider : Economy, Politics
Federal Reserve Chair Jerome Powell
Federal Reserve Board Chairman Jerome Powell.

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The Fed's latest move confirms it's trying to thread the needle between cooling inflation and helping banks in turmoil

Tech Insider : Economy, Politics
Federal Reserve Chair Jerome Powell Testifies Before The Senate Banking Committee
Federal Reserve Board Chair Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on "The Semiannual Monetary Policy Report to the Congress," in the Hart Senate Office Building on Capitol Hill on Tuesday, March 7, 2023 in Washington, DC.

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A bipartisan pair of lawmakers just launched an effort to crack down on the Fed following Silicon Valley Bank's collapse

Tech Insider : Economy, Politics
From left, Energy Secretary Rick Perry Sens. Rick Scott, R-Fla., and Elizabeth Warren, D-Mass, talk before Senate Armed Committee confirmation hearing titled
From left, Energy Secretary Rick Perry Sens.

Silicon Valley Bank's collapse is looming over the Fed as it makes the next move in its war on inflation this week

Tech Insider : Economy, Politics
Silicon Valley Bank, Fed Chair Jerome Powell
Silicon Valley Bank, Fed Chair Jerome Powell.

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Elizabeth Warren scoffs at the idea that banks like SVB can be trusted to do their own stress testing: 'I taught school for many, many years. And I did not let my students do their own testing'

Tech Insider : Economy, Politics
Massachusetts Sen. Elizabeth Warren
U.S. Sen. Elizabeth Warren criticized regulators this week for protecting SVB depositors following the bank's failure.

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Regulators need to report SVB executives' potential 'outrageous and indefensible' behavior to Congress to avoid mistakes made after the 2008 financial crisis, 2 top Democrats say

Tech Insider : Economy, Politics
Sen. Elizabeth Warren
Sen. Elizabeth Warren co-wrote a letter to the DOJ and SEC calling for an investigation of SVB's collapse.

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