Senator: If confirmed, will you commit to doing this extremely specific thing that's important to my state?

Nominee: Senator, thankyou for that important question. I have no opinion on it, but if confirmed I look forward to working with you and your staff on that critical issue
(But seriously is someone going to ask Wally Adeyemo how his time at BlackRock influences his views on whether very large asset managers should be regulated as systemically important financial institutions)
Also, Senators should know that despite their best attempts at levity, they are never funny
Warren is at least giving him a hard time on whether he'll use FSOC to go after private equity firms, after some masterful dissembling by Adeyemo. "Treasury can't be a bystander in this," she says.

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More from @lydiadepillis

16 Feb
NEW from me: Lawmakers have asked the IRS to do a lot this year, after a decade of starving its budget, and as a result it’s been dropping some balls — which almost always turns out badly for the low-income taxpayers who count on refunds and stimulus checks to make ends meet. 1/
The big problem is this number: On January 29, 6.7 million 2019 tax returns were still being processed. That means long-delayed refunds, and stimulus payments that will have to be claimed as tax credits, when they can also be offset by other federal debts. 2/
But it gets worse. Frequently, low-income tax clinic staff say, checks aren’t processed as quickly as returns — and balance due notices are going out automatically anyway, panicking taxpayers who worry about their bank accounts being levied even though they paid on time. 3/
Read 6 tweets
13 Jan

I know things are nuts rn, but Trump has continued to govern in a way that will have consequences long after he's gone. Case in point: The SEC just weakened its marquee whistleblower program in a way that's already deterring corporate insiders from coming forward.
One change has to do with large awards, which come from cases that result in the biggest settlements. Financial firms had long complained about eye-popping payouts, and in 2018 the SEC proposed giving itself the power to knock down bounties that they deemed "unnecessarily large."
That part of the proposal got intense bipartisan blowback, and it doesn't appear in the final rule -- but only because the Commission claimed it *always had* the authority to reduce awards, adding a hefty dose of uncertainty to the already difficult choice of blowing the whistle.
Read 7 tweets
12 Jan
Tuning into right wing podcasts for a story. In Rudy's latest rambling show from Jan. 8, in between advertisements for gold, he claims that the rioters were completely separate from the rallyers and Trump's incitement had nothing to do with the violence.
"They all seemed to be really nice people," he said, in a pod that's been downloaded more than a million times.…
"There's plenty of evidence that Antifa and left-wing groups were leading this in order to damage the reputation of President Trump," he says, without any evidence as usual, while IN THE NEXT BREATH saying that the electoral college count going on at the Capitol was illegitimate.
Read 4 tweets
8 Jan
Some cocktail hour thoughts.

As a human in the world who pays attention, I carry around a lot of anger.

As a journalist trying to remain a trustworthy messenger, I generally keep it under wraps.

The more I learn about what transpired on Wednesday, the harder that becomes.
The cynical, self-serving lies of this president and his family and the Hawley-Cruz caucus.

The stubborn unwillingness of law enforcement to prepare for the plain-as-day threat of white violence.
The tepid, too-late response by social media companies that fanned the flames.

The scrambling by enablers to save themselves from a sinking ship they helped build.
Read 8 tweets
8 Jan
This seems like a no-brainer, given the potential long-term consequences of this kind of trauma.

It's obviously different, but I'm reminded of some research out this week showing that kids who survived school shootings fared worse down the line:…
Students at Sandy Hook and Columbine saw lower test scores, increased absenteeism, and even higher mortality rates as a result of the shootings -- quantifying the broader harms beyond the loss of life.
The same batch of NBER papers also has one with a broader set of school shootings from Texas, with similarly bad long-term consequences for survivors. And it's worst for Black kids.…
Read 4 tweets
7 Jan
There's a lot we still don't know about why law enforcement allowed something to happen that D.C. went through decades of security theater to prevent. But it's not because they weren't warned.

Quick story with @loganjaffe @iarnsdorf and @davidmcswane:…
@davidmcswane WEEKS of posts on right-wing social media platforms called for escalation -- to "take the hill or die trying," as one put it. For MONTHS, the intelligence establishment had identified white supremacist movements as the nation's most immediate domestic terror threat.
As has been noted many times, nothing on the order of that kind of threat nevertheless precipitated a level of mobilization around the protests in June that left D.C. feeling like it was living under military occupation. And yet yesterday, the Capitol was essentially undefended.
Read 8 tweets

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