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Two Democratic lawmakers are demanding that some of the biggest food and beverage companies stop engaging in “shrinkflation” — the practice of reducing product sizes while charging prices that are the same or higher. Spokespeople for General Mills, Coca-Cola and PepsiCo did not immediately respond to requests for comment. President Joe Biden has mentioned shrinkflation numerous times, declaring it a “rip-off” in a video he posted to X. Sarah Gallo, senior vice president of federal affairs at Consumer Brands Association, a trade group that Coca-Cola, PepsiCo and General Mills all belong to, defended industry practices to NBC News. Dean said the letters were sent to “ease the wrongful burden” the companies are imposing on consumers.

Persons: Sen, Elizabeth Warren of, Madeleine Dean of, Mills, General Mills, Jeff Harmening, James Quincey, “, Ramon Laguarta, Spokespeople, Warren, Dean, ” Warren, ” Sen, Elizabeth Warren, Ting Shen, Joe Biden, Nailya Ordabayeva, ”, ” Ordabayeva, shrinkflation, Doritos, Sarah Gallo, ’ ” Dean Organizations: Democratic, Elizabeth Warren of Massachusetts, Cola, PepsiCo, NBC, North, Retail, CNBC, Gatorade, Republican, Taxation, Economic, “, NBC News, Bloomberg, Boston University Questrom School of Business, Consumer Brands Association, General, Federal Reserve Bank of San Locations: shrinkflation, Washington, Federal Reserve Bank of San Francisco

☆ Sen. Elizabeth Warren and Rep. Madeleine Dean demand food and beverage CEOs put a stop to 'shrinkflation'
▼ + stars: | 2024-10-07 | by ( Elizabeth Chuck | ) www.cnbc.com time to read: +7 min

In pointed letters, Sen. Elizabeth Warren of Massachusetts and Rep. Madeleine Dean of Pennsylvania accused General Mills, Coca-Cola and PepsiCo of engaging in a "pattern of profiteering" through shrinkflation and by "dodging taxes." The same with PepsiCo, which "replaced its 32 oz Gatorade bottle with a 28 oz bottle for the same price." Spokespeople for General Mills, Coca-Cola and PepsiCo did not immediately respond to requests for comment. President Joe Biden has mentioned shrinkflation numerous times, declaring it a "rip-off" in a video he posted to X. Sarah Gallo, senior vice president of federal affairs at Consumer Brands Association, a trade group that Coca-Cola, PepsiCo and General Mills all belong to, defended industry practices to NBC News.

Persons: Sen, Elizabeth Warren of, Madeleine Dean of, Mills, General Mills, Jeff Harmening, James Quincey, Ramon Laguarta, Spokespeople, Warren, Dean, Joe Biden, Nailya Ordabayeva, Ordabayeva, shrinkflation, Doritos, Sarah Gallo Organizations: Democratic, Elizabeth Warren of Massachusetts, Cola, PepsiCo, NBC, North, Retail, CNBC, Gatorade, Republican, Taxation, Economic, NBC News, Boston University Questrom School of Business, Consumer Brands Association, General, Federal Reserve Bank of San Locations: Federal Reserve Bank of San Francisco

☆ Rep. Ted Lieu reflects on becoming the highest-ranking Asian American ever in House Democratic leadership
▼ + stars: | 2022-12-06 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +6 min

Rep. Ted Lieu, D-Calif., who recently became the first Asian American to be elected vice chair of the House Democratic Caucus, took a moment to reflect with NBC News on how he got there. “It’s actually more of a recognition by my colleagues of the growing importance of the Asian American Native Hawaiian and Pacific Islander communities,” he said. In two decades the Asian American electorate surged 139%, according to Pew Research. The congressman added that beyond Asian Americans, his win also showcases the power of a broad collective. “If you look at what the House Democratic Caucus did, it was, I feel, remarkable.

Shortly before Pelosi’s announcement Thursday that she was stepping down, Intelligence Committee Chairman Adam Schiff signaled he would not run for House leadership and would focus his efforts on a future Senate bid instead. 2 leadership post, Congressional Progressive Caucus Chair Pramila Jayapal of Washington decided to run for another term leading her caucus of roughly 100 House liberals. Aguilar originally had his eyes set on the assistant leader position, but Clyburn’s move forced him to run for caucus chair. 4 and Democratic Caucus chair will move up to No. That left Rep. Joe Neguse, 38, who had been campaigning behind the scenes for months for caucus chair, as the odd man out.

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