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      Sen. Elizabeth Warren (D-Mass.)

      Warren Calls for Clawing Back Pay, Bonuses for Silicon Valley Bank Executives

      The senator also demanded a federal investigation into potential insider trading by executives.

      Julia Conley
      Mar 13, 2023

      U.S. Sen. Elizabeth Warren on Monday weighed in on the collapse of Silicon Valley Bank, taking to The New York Times' opinion section to offer her view on how the financial institution failed, while also looking ahead and detailing "what Washington must do—quickly—to prevent the next crisis."

      Namely, the Massachusetts Democrat wrote, the federal government must ensure the bank's risky behavior isn't rewarded with bonuses and generous compensation for executives, and must determine whether insider trading tipped off Silicon Valley Bank (SVB) executives regarding their firm's impending failure last Friday.

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      silicon valley bank
      Bernie Sanders Social Security

      Sanders Pushes Biden to Embrace Social Security Expansion

      "It is not enough to point out the reactionary, anti-worker vision of the Republican Party," the democratic socialist senator stressed. "We have to present a positive, pro-worker alternative."

      Brett Wilkins
      Feb 24, 2023

      In a previously unreported discussion, U.S. Sen. Bernie Sanders urged President Joe Biden to ensure Social Security is fully funded through the end of the century by increasing taxes on wealthier Americans, according to a report published Thursday.

      During the hourlong meeting on January 25—which took place before Biden and Sanders (I-Vt.) shot a video together about student debt—the democratic socialist senator pushed the president to expand payroll taxes on high-income Americans, The Washington Postreports. Currently, only the first $160,000 in earnings is subject to payroll tax.

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      U.S. Sen. Elizabeth Warren (D-Mass.) speaks to reporters after leaving a weekly policy luncheon on Capitol Hill in Washington, D.C. on November 29, 2022.

      Warren Calls For 'Landing the Plane Not Crashing It' After Fed Hikes Rate Despite Cooling Inflation

      Another critic warned that "while the Fed continues to stick to their obsession with job-killing interest rate hikes, the livelihoods of working families are on the line."

      Jessica Corbett
      Feb 01, 2023

      Progressive economists and advocates on Wednesday blasted the U.S. Federal Reserve for hiking the federal funds rate an eighth consecutive time despite fears of a recession and impacts on working people.

      "With today's rate hike, the Fed is pushing us dangerously close to an unnecessary recession that would spell disaster for low-wage workers, workers of color, and vulnerable communities," the Groundwork Collaborative declared. "Workers and families shouldn't have to pay the price for inflation."

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