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elizabeth warren
Critics Doubt CBS Claim That Finances—Not Politics—Are Behind 'Late Show' Cancellation
The network announced the cancellation three days after host Stephen Colbert lambasted its parent company for a $16 million legal settlement with President Donald Trump.
Jul 18, 2025
U.S. Sen. Elizabeth Warren was among those calling into question the official story behind CBS' cancellation of "The Late Show with Stephen Colbert" on Thursday—suggesting that the decision to end the show's 32-year run wasn't driven by finances but by "political reasons."
The announcement from CBS executives came just three days after Colbert spoke out on his show about a recent $16 million settlement reached by CBS parent company Paramount over an interview that "60 Minutes" aired with former Vice President Kamala Harris ahead of the 2024 election, in which Harris ran against President Donald Trump.
Colbert had told his audience that the settlement appeared to be a "big fat bribe" to end a "nuisance lawsuit."
"This all comes as Paramount's owners are trying to the get the Trump administration to approve the sale of our network to a new owner," said Colbert, referring to a pending $8.4 billion merger with the entertainment company Skydance—whose billionaire founder, David Ellison, has been spotted with Trump in recent months.
Warren (D-Mass.) said Thursday that the public "deserves to know if [Colbert's] show was canceled for political reasons."
Trump's lawsuit against Paramount claimed the Harris interview was deceptively edited and amounted to "partisan and unlawful acts of election and voter interference," allegations that legal experts and First Amendment scholars denounced as "ridiculous" and "dangerous."
After the settlement was announced earlier this month, with Paramount pledging to release transcripts of future "60 Minutes" interviews with presidential candidates, one press freedom group condemned the company for "capitulating" to the president's demands.
CBS executives appeared to preemptively respond to expected allegations that they were canceling Colbert's show due to his criticism of the settlement—and his frequent rebukes of the president—saying the decision, effective in May 2026, was "purely a financial" one.
"It is not related in any way to the show's performance, content, or other matters happening at Paramount," they said.
Sen. Bernie Sanders (I-Vt.) expressed doubt that the end of Colbert's show, days after he spoke out against his parent company's legal decision, was "a coincidence."
Media critics joined lawmakers including Sanders and Warren in expressing skepticism.
"'The Late Show' isn't dying because people stopped watching late-night TV," wrote Parker Molloy at The New Republic. "It's being murdered because Stephen Colbert spent the last decade being one of Trump's most persistent critics on network television, and the billionaires about to take over CBS need Trump's approval for their merger."
Anonymous "Late Show" staffers also told The Independent they believed the cancellation of the show was "part and parcel of the Trump shakedown settlement."
Political scientist Norman Ornstein called the impending end of "The Late Show," considering the surrounding circumstances, "a terrible sign for democracy."
"There's only one reason to do this, and we know what it is," said Ornstein. "The same reason that this disgraceful excuse for a network succumbed to blackmail from Trump over the '60 Minutes' interview."
Trump, whose Federal Communications Commission is still deciding on approval of the merger, weighed in on Friday regarding the show's cancellation, saying in a social media post, "I absolutely love that Colbert got fired," and criticizing other late-night comedians who have taken aim at him.
As Status News reported after the Paramount settlement was announced, speculation has increased that comedian Jon Stewart, who co-hosts "The Daily Show"—where Colbert spent several years—could also "soon be silenced" after publicly criticizing the settlement. That show airs on Comedy Central, which is owned by the CBS parent company.
"Inside 'The Daily Show,' I'm told staffers have taken pride that Stewart showed once again he is willing to stand up to powerful interests, even if it potentially risks his future employment," wrote Oliver Darcy. "And while they may not yet know it, inside certain power circles, there is an open question: How much longer will Stewart have this platform?"
MSNBC anchor Chris Hayes said Friday that it is not "an overstatement to say that the test of a free society is whether or not comedians can make fun of the country's leader on TV without repurcussions."
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Millions Kicked Off Medicaid? 'Don't Eat Carrot Cake,' Says Administrator Oz
"Why don't you pry carrot cake out of my cold, dead hands and give us back Medicaid coverage for millions instead," replied Democratic Sen. Mark Warner.
Jul 14, 2025
U.S. Centers for Medicare and Medicaid Services Administrator Dr. Mehmet Oz appeared on Fox Business on Monday, where he presented a carrot cake to celebrate Medicaid's 60th birthday and brushed aside concerns about the millions of Americans likely to lose their healthcare coverage under recently passed Republican legislation—by telling people to not eat carrot cake.
Oz—the multimillionaire erstwhile celebrity surgeon, purveyor of "miracle" cures, and failed U.S. Senate candidate—gave Fox Business host Stuart Varney what he called a "MAHA Medi-cake" before proceeding to extol the virtues of Medicaid, the program launched during then-President Lyndon B. Johnson's "Great Society" agenda that provides health insurance to more than 70 million lower-income Americans.
Medicaid "was a promise to the American people to take care of you if you are having problems financially or if you were having an issue because you're older and needed healthcare," Oz said. "And it changed the country in a good way for many reasons."
"But we're all in it together, Stuart," he added, "which means we'll be there for you, the American people, when you need help with Medicaid and Medicare, but you've got to stay healthy as well. Be healthy, do the most you can do to really live up to the potential, your God-given potential to live a full and healthy life, you know, don't eat carrot cake, eat real food."
17 million people are going to lose their health insurance because of the Trump administration.Dr. Oz's advice is “don’t eat carrot cake.”
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— Elizabeth Warren (@warren.senate.gov) July 14, 2025 at 10:17 AM
Social media users roundly ridiculed Oz's remarks, with criticism centered around the estimated 17 million people who will be left uninsured under the so-called One Big Beautiful Bill Act signed by President Donald Trump earlier this month. The legislation contains the largest Medicaid cuts in history.
"Why don't you pry carrot cake out of my cold, dead hands and give us back Medicaid coverage for millions instead," Sen. Mark Warner (D-Va.) wrote on Bluesky.
Another Bluesky user wrote, "Carrot cake didn't give me cancer, dumbass."
Yet another said, "Um... your boss eats McDonald's every chance he gets and you are judging people eating carrot cake," a reference to Trump's legendary fondness for Big Macs, Filet-O-Fish sandwiches, and vanilla shakes.
Still another quipped, "First he came for my crudites, now my carrot cake."
"Carrot cake didn't give me cancer, dumbass."
Over on X, one account with over 130,000 followers said: "What an insensitive prick as he brings a piece of carrot cake to Stu Varney during the interview. Republicans seem so gleeful to be hurting Americans. This is why millionaires and billionaires should never be in Congress or the [White House]."
The Occupy Democrats X account also weighed in, posting, "It's not enough for them to take away our healthcare, Republicans want to blame us for getting sick."
"The idea that avoiding carrot cake in favor of healthier foods will somehow render Americans immune to health problems is insulting in the extreme," Occupy Democrats continued. "Rather than 'let them eat cake,' he's telling us 'do not eat cake,' but the sentiment is every bit as out of touch as Marie Antoinette's apocryphal quote."
"MAHA stands for 'Make America Healthy Again,' an Orwellian phrase deployed by an administration that is actively making Americans sicker by stripping away their healthcare," the account added. "This is what Republicans really think of the American people. They ram through policies making our lives worse in countless ways, then they laugh at us and spit in our faces. There has never been a more gleefully spiteful political movement."
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Warren Unveils Framework for Regulating Crypto Industry and Shutting Down Trump's Corruption
"Nobody wants weak crypto rules more than the president of the United States," said the senator.
Jul 09, 2025
As the U.S. House prepares to vote on the latest proposal claiming to regulate the cryptocurrency industry—one that critics say is actually a "cash grab" that will harm consumers—Sen. Elizabeth Warren on Wednesday took the opportunity of a hearing on digital assets to outline her five main priorities for any legislation aimed at regulating crypto.
Along with protecting consumers within the crypto market, she said, Congress must pass legislation that safeguards the country from public officials—including President Donald Trump—who want to personally profit from the burgeoning industry.
Those priorities haven't been addressed, she suggested, in proposals like the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act and the Digital Asset Market Clarity (CLARITY) Act, which lawmakers are expected to vote on in the coming days.
"I'm concerned that what my Republican colleagues are aiming for is another industry handout that gives the crypto lobby exactly its wish list: the blessing of the government's approval, combined with crypto rules that are weaker than the rules every other financial actor must follow," said Warren (D-Mass.).
Any regulatory framework for the crypto industry, in which investors can use real money to purchase virtual or digital assets and trade them on decentralized, unregulated blockchain technology, must include the framework set up by "the securities laws that have served as the bedrock of our capital markets for nearly 100 years," said Warren—but the CLARITY Act includes language that would allow "non-crypto companies to tokenize their assets to evade the SEC's [Security and Exchange Commission] regulations."
"If we're going to provide rules of the road for crypto, we need to shut down this superhighway for presidential corruption at the same time."
"Under the House bill, a publicly traded company like Meta or Tesla could simply decide to put its stock on the blockchain and POOF! it would escape all SEC regulation," said Warren.
Americans for Financial Reform (AFR) also spoke out against the CLARITY Act's provision on Tuesday, saying the bill would "create a race to the bottom and fuel fraud and financial instability."
With the crypto market growing 15-fold over the last five years, with a $3 trillion market capitalization in 2024, risks to "investors, our financial system, and our national security have also sharply increased," Warren warned in the hearing.
She pointed to FBI findings that Americans lost more than $9 billion to fraud in the unregulated crypto market last year—a 66% increase from 2023‚ and a Chainalysis report that hackers from North Korea were able to steal $1.3 billion from crypto platforms in 2024 as well as $1.5 billion earlier this year.
"Crypto investors should have the same protections from getting scammed or cheated as investors in any other asset," said Warren. "For example, there is no reason that the rules prohibiting stock exchanges from simultaneously serving as brokers and giving preferential treatment to their own trades over their customers' can't be applied to the crypto market too."
Warren also called for legislation that ensures instability in the crypto market won't "infect" the larger financial system by guaranteeing that taxpayers are not on the hook for "risky crypto bets," and that includes commonsense rules to protect national security and fight crime within the industry.
The GENIUS Act, which 18 Democrats joined the vast majority of Senate Republicans in passing last month, did not include anti-money laundering rules or sufficiently close sanctions loopholes, said Warren, with Republicans saying the issues could be addressed in a future bill regarding crypto market structure.
"So this is it. No more kicking the can down the road. Now is the time to solve that problem," said Warren.
Finally, Warren said any bill addressing regulations in the crypto market must "shut down the president's crypto corruption" by prohibiting all public officials from issuing, sponsoring, or profiting from crypto tokens.
Warren's comments came weeks after Trump held a dinner with the top 220 investors in his own $TRUMP meme coin and offered a VIP White House tour to the top 25 mostly anonymous investors—an event that progressive organizers said was "corruption embodied."
"Nobody wants weak crypto rules more than the president of the United States," said Warren, noting that $7 billion of Trump's wealth now comes from his own stablecoin and meme coin, a bitcoin mining company, a "huge portfolio of crypto investments," and includes more than $320 million in fees from the $TRUMP coin—even as the majority of investors in the token lost money.
"If we're going to provide rules of the road for crypto, we need to shut down this superhighway for presidential corruption at the same time," said Warren.
Urging Congress to vote against the CLARITY Act this week, AFR also warned that the "massive deregulatory bill" is backed by "a gusher of campaign cash and lobbying muscle from ultrawealthy venture capital firms and crypto billionaires," with Trump set to "gain the most from this giveaway" after making $1.2 billion in crypto just in the past few months."
"CLARITY (along with related crypto bills being considered) is a custom-built framework that gives him and his billionaire allies a green light to manipulate financial markets," said the group, "while working families are left holding the bag."
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