Skip to main content

Common Dreams. Journalism funded by people, not corporations.

There has never been—and never will be—an advertisement on our site except for this one: without readers like you supporting our work, we wouldn't exist.

No corporate influence. No pay-wall. Independent news and opinion 365 days a year that is freely available to all and funded by those who support our mission: To inform. To inspire. To ignite change for the common good.

Our mission is clear. Our model is simple. If you can, please support our Fall Campaign today.

Support Our Work -- No corporate influence. No pay-wall. Independent news funded by those who support our mission: To inform. To inspire. To ignite change for the common good. Please support our Fall Campaign today.


Freshman Reps. Alexandria Ocasio-Cortez (D-N.Y.), Katie Porter (D-Calif.), Ayanna Pressley (D-Mass.), and Rashida Tlaib (D-Mich.) were just named to the U.S. House Financial Services Committee. (Photos: 2018 campaigns)

Applause as AOC, Porter, Pressley, and Tlaib Head to House Financial Services Committee

"Scary news for Wall Street and great news for the rest of us!"

Jessica Corbett

Following outrage last week after Democratic House Speaker Nancy Pelosi (Calif.) shut out progressives from some of the chamber's most powerful committees, news that freshman Reps. Alexandria Ocasio-Cortez (D-N.Y.), Katie Porter (D-Calif.), Ayanna Pressley (D-Mass.), and Rashida Tlaib (D-Mich.) are headed to the Financial Services Committee was met with applause.

Congratulating the quartet, Social Security Works called it "scary news for Wall Street and great news for the rest of us!"

The committee's oversight responsibilities include U.S. banks and lenders, the economy, financial aid to industries other than transportation, insurance, international finance, public and private housing, securities and exchanges, and urban development.

Confirming her appointment late Tuesday, Ocasio-Cortez tweeted that she was "looking forward to digging into the student loan crisis, examining for-profit prisons/ICE detention, and exploring the development of public and postal banking."

On Wednesday, she followed up by acknowledging the impact that grassroots organizers played in securing progressive appointments:

Last month, tens of thousands of progressives had called on Democratic leaders to appoint Ocasio-Cortez to the Ways and Means Committee—which, as the House tax-writing body, will have significant sway over popular progressive policy items such as Medicare for All, a Green New Deal, and tuition-free public college.

Although those efforts were ultimately unsuccessful, Ocasio-Cortez and her fellow progressive freshmen appear determined to use their appointments to the Financial Services Committee to push for policies on which they campaigned.

While highlighting reports that the appointment of Rep. Maxine Waters (D-Calif.) to chair the committee is "making Wall Street nervous," Pressley, on Twitter, reiterated her desire to help those burdened by student debt and threatened with the prospect of homelessness:

Waters—who was appointed after Democrats regained a majority of House seats in November—is an outspoken critic of the Trump administration and has expressed her commitment "to creating opportunities, ensuring fairness, and protecting the economic well-being of all Americans," but the progressives are expected to push her to ensure that public good wins out over the wishes of the financial sector.

"I don't take corporate PAC money," Porter, a protégé of Sen. Elizabeth Warren (D-Mass.), told Politico on Tuesday, before appointment were confirmed. "I think we're going to see some other members put on the committee who don't take corporate PAC money. This is going to change the perspective on the committee and the issues it chooses to focus on."

"Now our movement has a voice to take on the greed and recklessness on Wall Street."
—Justice Democrats

Ocasio-Cortez, Tlaib, and Pressley, meanwhile, are all backed by the Justice Democrats, which welcomed their appointments in a series of tweets.

"It's time to fight for all working people and hold those in power accountable," the group said. "Now our movement has a voice to take on the greed and recklessness on Wall Street. We'll fight to protect tenants and families from evictions. We'll stop them from plundering our communities."

Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.

Wyden's New Billionaires Income Tax Plan Applauded as Step Toward Justice

"For too long, families have been denied basic supports... while billionaires evade taxes on obscene amounts of wealth. This dynamic is economically dangerous and morally unsustainable."

Jessica Corbett ·

'Tax Them All': Warren, Wyden Lead Push for Minimum Corporate Tax in Build Back Better Act

"Giant corporations have been exploiting tax loopholes for too long, and it's about time they pay their fair share to help run this country, just like everyone else," said Sen. Elizabeth Warren.

Julia Conley ·

Brazil Senate Panel Backs Indictment of Bolsonaro for 'Terrifying' Covid-19 Crimes

"It is evident that the president of the republic is the main culprit for most of the more than 600,000 deaths."

Brett Wilkins ·

'Not Just Immoral, Deadly': How Corporate Lobbyists Ramped Up Spending Ahead of COP26

"The fossil fuel lobby's grimy fingerprints are all over yet another congressional deadlock on meaningful climate action," warned one campaigner.

Jon Queally ·

Support our work.

We are independent, non-profit, advertising-free and 100% reader supported.

Subscribe to our newsletter.

Quality journalism. Progressive values.
Direct to your inbox.

Subscribe to our Newsletter.

Common Dreams, Inc. Founded 1997. Registered 501(c3) Non-Profit | Privacy Policy
Common Dreams Logo