Tomorrow the Supreme Court will hear arguments from Republican officials and special interests trying to block President Biden’s plan to cancel student loan debt for millions of Americans. Today I released a new report about what’s at stake.
businessinsider.com/student-loan-f… President Biden has clear authority under the HEROES Act to cancel student debt which will provide targeted relief to low-and middle-income borrowers and offer financial freedom from crushing student loan burdens. Here’s what @1kWomenStrong had to say about the benefits:

All three of my brothers served in the military—so it’s deeply personal that I'm leading the @SASCDems Subcommittee on Personnel. I'll fight to make sure we live up to our values when it comes to supporting servicemembers and their families. No military family should have to live in homes infested with mold. I’ll hold private housing contractors accountable and work to improve military housing for service members. They deserve to live with dignity and respect.
rollcall.com/2022/11/15/sen…

50 years after the #RoeVWade decision, women have been cheated. Our freedom to make our decisions about our health and futures has been ripped away by Republican extremists who have decided they can crowd into the examining room and decide our fates. Today, I am furious, but I am more committed to this fight than ever. I don’t want to make reproductive health care decisions for politicians — and I don’t want them making those decisions for me, my daughter, or millions of other women.

This is a lawless and reckless decision. @CFPB has returned billions of dollars to Americans by doing its job, and its funding is clearly constitutional. Extreme right-wing judges are throwing into question every rule the CFPB enforces to protect consumers and businesses alike.

https://twitter.com/reporterev/status/1582848988570865665

The Fifth Circuit’s flawed logic also endangers the funding of numerous other bank regulators, including the Fed, OCC, and FDIC, which monitor our entire financial system.

Today is a day of joy and relief.

President Biden is cancelling up to $20,000 of federal student debt for as many as 43 million Americans — a powerful step to help rebuild the middle class.

This will be transformative for the lives of working people all across this country. Cancelling student debt will provide financial relief to millions of Americans who borrowed to pay for college because they didn’t come from wealthy families.

This powerful action will also help narrow the racial wealth gap among borrowers.

A HISTORIC day for Americans:
@US_FDA announced that it will allow people with mild to moderate hearing loss to buy safe and affordable hearing aids right off the shelf! I’ve been fighting for this for 5+ years and this is a terrific win for consumers.
nytimes.com/2022/08/16/hea… In 2017, my Over the Counter Hearing Aid Act with @ChuckGrassley was signed into law, beginning the process of making hearing aids available over the counter.
warren.senate.gov/newsroom/press…

A year ago, the Biden administration signed a historic executive order establishing a whole-of-government approach to promote competition in our economy. The admin has been taking critical steps—protecting consumers, strengthening antitrust enforcement & tackling consolidation.

https://twitter.com/POTUS/status/1413556424542724098

For too long, a handful of giant corporations have dominated our markets—crushing competition, raising prices and exploiting workers.

With @linakhanFTC and @JusticeATR, the Biden admin has taken steps to crack down on consolidation in Big Tech, banking and the defense industry.

The Biden administration will automatically cancel the student debt of more than half a million Americans defrauded by Corinthian College — it’s long-overdue justice.

I’ve been fighting for years, alongside @VP & many advocates, to get these borrowers relief from crushing debt. In 2014, we forced the @usedgov to acknowledge that students defrauded by Corinthian College had a right to debt forgiveness and launched a campaign to urge the Department to provide that relief.

There’s been a lot of debate whether corporate monopolies and price gouging are contributing to inflation when it’s plain as day that’s what’s happening.

The @BostonFed has weighed in. And here’s what they found. Buckle up.

https://twitter.com/BostonFed/status/1528838431966732288

First, they found clear evidence that the economy has become more concentrated: “Industry concentration has increased significantly in the United States in the past 20 years, and this trend has accelerated since the onset of the COVID-19 pandemic.”

We've got to break up @WellsFargo. Here's why: In 2016, Wells Fargo’s fake accounts scandal was exposed. The bank created 3 1/2 million unauthorized bank accounts. But the fine they paid was just a slap on the wrist. And over the next few months, more scandals came to light:

Giant corporations are using inflation as cover to raise their prices & boost their profits. In industry after industry, we have too little competition & companies have too much power to increase prices. I've been calling out this corporate profiteering & price gouging. Thread: The auto and rental car industries are using deceptive practices and consolidation to rake in large profits. I’ve called on the Biden Administration to crack down on their corporate profiteering.
warren.senate.gov/newsroom/press…

Giant corporations are making record profits by increasing prices, and CEOs are saying the quiet part out loud: they’re happy to help drive inflation.

American families pay higher prices and corporate executives get fatter bonuses. See for yourself what executives are saying: .@TysonFoods CEO: "we’re asking [consumers] to pay for inflation.” But Tyson didn't just pass on higher costs, it more than doubled its first quarter profits by increasing beef prices 33% & chicken prices 20%. Tyson is driving higher inflation for profit.
reuters.com/business/retai…

America’s largest corporations have rigged the tax code in their favor. This must stop. My new report examines how 70 of the most profitable companies exploit the system & how my Corporate Profits Minimum Tax would crack down on tax dodgers.
nytimes.com/2021/11/18/us/… In 2020, @DISH raked in $2.6 B in profits, but paid $0 federal income taxes & even got a $223 M net tax refund from the government. Does that sound fair to you? A 15% tax rate would have raised $386 M in revenue from DISH in 2020 alone.
warren.senate.gov/newsroom/press…

Today, I called out the culture of corruption among top Fed officials—officials who make decisions that affect the global economy and lives of all Americans. There is no room for self-dealing. In his years as Chair, it's unclear why Chair Powell didn't act to prevent behaviors that erode public trust. Once there's a problem, a quick and aggressive response is critical. We need changes at the Fed.

Rich Trumka was my dear friend and the toughest fighter for working people that I’ve ever known. His tireless work made our workers and our country stronger. Sending my love and prayers to his family and to his union brothers and sisters today. I met Rich Trumka in 2009 in the aftermath of the financial crash. He was one of the earliest champions for my idea of a new consumer agency. He knew deep in his bones that we needed to fight back so nobody could steal people’s pensions on Wall Street.

For years I’ve called for tougher antitrust enforcement & to break up the worst offenders. President Biden’s order takes critical steps to protect consumers & workers, strengthen antitrust enforcement, & tackle consolidation & anticompetitive practices. nytimes.com/2021/07/09/bus… Following waves of mergers & acquisitions, dominant firms have abused their market power to raise prices & lower wages, while banks exploit our personal financial data, agribusiness giants crush farmers, & pharmaceutical companies cheat the patent system to keep drug prices high.

Today I'm officially introducing my #BuyGreen Act with @RepAndyLevin to use our federal government's enormous purchasing power for American-made, clean energy products to jumpstart our green economy. rollcall.com/2021/05/27/pro… The #BuyGreen Act invests $1.25T over the next decade for federal agencies & state, local & tribal govts to buy clean energy products, electrify transit, & retrofit buildings to be energy efficient. And it includes strong labor protections and help for frontline communities.

The April job numbers were a stark reminder of what families know all too well: child care is infrastructure. My colleagues and I have a new report on the critical need to invest $700 billion in child care so our families and economy can recover. motherjones.com/politics/2021/… Our child care report found that nearly 20% of working parents left the workforce or reduced their hours solely due to a lack of child care. 26% of women who became unemployed during the pandemic attributed this to a lack of child care. hbr.org/2021/04/childc…

The cost of housing is squeezing communities and families. That’s why @repcleaver and I are reintroducing my bill to build nearly 3 million new housing units & bring down rents by 10% – closing the affordable housing gap. It's the big, bold policy we need. bostonglobe.com/2021/04/22/bus… The legacy of federally-sanctioned housing discrimination has prevented Black families from buying homes & developing intergenerational wealth with homeownership. My bill includes a down payment assistance program for communities historically denied mortgages by the government.

Giant corporations that make billions of dollars in profits off the services that the rest of us pay for need to invest in America's future. Billionaires and giant corporations must pay a lot more. nytimes.com/2021/04/07/bus… Raising the corporate tax rate alone isn’t enough when armies of lawyers and accountants help corporations pay a tiny fraction of that rate. We need a strong Real Corporate Profits Tax – and not a watered-down version that lets more giant companies continue to pay zero taxes.

President Biden’s #AmericanJobsPlan is crammed full of a lot of good policies that I’ve been fighting for to help working families and our economy. I wanted to highlight just a few: I’ve been sounding the alarm long before COVID about the big, structural investments that we need to make child care part of our basic infrastructure. President Biden’s plan invests in child care facilities and availability, a good first step on the path to universal care.