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6 mentions found


☆ Elizabeth Warren calls for emergency-like Fed rate cut ASAP
  + stars: | 2024-09-17 | by ( Matt Egan | ) edition.cnn.com   time to read: +3 min
New York CNN —The American economy appears to be just hours away from a major milestone: The first interest rate cut from the Federal Reserve since Covid. Yet there remains an unusual amount of drama over the magnitude of that rate cut, with some in Washington calling for a supersized move. Massachusetts Democratic Sen. Elizabeth Warren wants the Fed to slash interest rates at a pace rarely seen outside of a full-blown crisis. “It is clearly the time for the Fed to cut rates. For instance, in early 2008 the Fed slashed interest rates by three-quarters of a point or more on three occasions.
Persons: Massachusetts Democratic Sen, Elizabeth Warren, Jerome Powell, Warren, “, ” Warren, Sheldon Whitehouse, John Hickenlooper, Powell, Bill Dudley, “ dawdling, Dudley, ” Dudley, panicking, David Kelly, ” Kelly, ” Organizations: New, New York CNN, Federal Reserve, Massachusetts Democratic, Sens, Wall, Fed, Federal Reserve Bank of New, CNN, Democrats, Asset Management Locations: New York, Washington, Massachusetts, Federal Reserve Bank of New York
☆ Senators ask DOJ to investigate 'serious possibility of additional tax fraud' by Clarence Thomas
  + stars: | 2024-07-09 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com   time to read: +3 min
Read previewTwo Democratic senators have called on Attorney General Merrick Garland to open a special counsel investigation into Clarence Thomas. This story is available exclusively to Business Insider subscribers. Presented with opportunities to resolve questions about his conduct, Justice Thomas has maintained a suspicious silence." AdvertisementA spokesperson for the Justice Department declined to comment on the letter when reached by Business Insider. Thomas has previously denied any wrongdoing, arguing gifts from Crow and others fall under a "personal hospitality exemption," meaning they don't require disclosure.
Persons: —, General Merrick Garland, Clarence Thomas, Sheldon Whitehouse, Ron Wyden, Thomas, Harlan Crow, Mark Martin, Whitehouse, Thomas's, he'd, Crow Organizations: Service, Oregon, Supreme, Business, Judicial Conference, Wyden, Finance, Justice Department, Business Insider Locations: Sens, Rhode Island, Crow
☆ Top Democrats demand that Chief Justice John Roberts open investigation into Clarence Thomas after report claims he accepted free vacations worth hundreds of thousands of dollars from a GOP mega donor
  + stars: | 2023-04-07 | by ( Charles R. Davis | ) www.businessinsider.com   time to read: +4 min
Democrats are urging the Supreme Court to address ethics concerns around Justice Clarence Thomas. ProPublica reported this week that Thomas has accepted free vacations worth hundreds of thousands of dollars. They close by urging Chief Justice Roberts to ensure that the highest court's ethics code is treated are more than just a suggestion. "The highest court in the land should have the highest ethical standards," Kyle Herrig, president of the advocacy group Accountable.US, said in a statement. A spokesperson for the Supreme Court did not immediately respond to a request for comment.
☆ Top Democrats demand that Chief Justice John Roberts open investigation into Justice Clarence Thomas after report claims he accepted free vacations worth hundreds of thousands of dollars from a GOP me
  + stars: | 2023-04-07 | by ( Charles R. Davis | ) www.businessinsider.com   time to read: +4 min
Democrats are urging the Supreme Court to address ethics concerns around Justice Clarence Thomas. ProPublica reported this week that Thomas has accepted free vacations worth hundreds of thousands of dollars. They close by urging Chief Justice Roberts to ensure that the highest court's ethics code is treated are more than just a suggestion. "The highest court in the land should have the highest ethical standards," Kyle Herrig, president of the advocacy group Accountable.US, said in a statement. A spokesperson for the Supreme Court did not immediately respond to a request for comment.
☆ Senators push for airline passenger protections after holiday travel meltdown
  + stars: | 2023-01-31 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +2 min
Two Senate Democrats on Tuesday reintroduced legislation to strengthen airline passenger protections following a year of travel disruptions that was capped by chaos that stranded thousands of people over the December holidays. The Airline Passengers' Bill of Rights, which is co-sponsored by Sens. Sen. Maria Cantwell, D-Wash., is planning to hold a hearing on the latest airline disruptions in the coming weeks. The bills also follow a push by the Biden administration for stricter airline passenger rules, including for traveler refunds. Airlines for America, said its members, the largest U.S. carriers, "abide by — and frequently exceed – all DOT regulations regarding consumer protections."
☆ Op-ed: Republican efforts to limit ESG investing are anti-capitalist
  + stars: | 2023-01-13 | by ( Sens. Sheldon Whitehouse | D-R.I. | Brian Schatz | ) www.cnbc.com   time to read: +6 min
Republican state lawmakers and members of Congress are attempting to stifle the growth of sustainable investing and to punish corporate efforts at climate-related financial risk management. This is a closely coordinated political effort driven by a network of dark money organizations fronting for climate denial groups and fossil fuel interests. This is usually anonymous dark money, and it is often traceable back to the fossil fuel industry. They are attempting to bully financial institutions and regulators into ignoring market demand and market risk. Imagine elected officials telling investment firms they cannot offer large-cap or small-cap funds, or emerging market funds, or value funds — or, for that matter, sector funds with exposure to energy companies.
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