Warren joins Obama in retirement security push – Run Warren Run news 2/23
This is one in a series of semi-regular updates on our Run Warren Run effort and Senator Warren’s work to give all Americans a fighting chance.
TODAY — WARREN JOINS POTUS IN RETIREMENT SECURITY PUSH: Senator Warren will join President Obama this afternoon at AARP’s Washington, DC offices in support of new regulations for financial advisors, reports The Hill’s Kevin Cirilli.
Here’s more from POLITICO’s David Nather and Patrick Temple-West:
The Labor Department has been working for years on the rule, arguing that the “fiduciary” standard needs to apply more broadly now that so many Americans determine their own retirement investments through 401(k) plans and individual retirement accounts (IRAs).
Now, the rule is becoming part of Obama’s “middle class economics” agenda, as the White House argues that Americans are being ripped off by compensation incentives that lead some retirement advisers to put their own profits ahead of their customers’ interests.
More: “Warren Joining Obama for Retirement Security Push” –Niels Lesniewski, RollCall
‘PEOPLE LOVE HER’: During a recent segment on Hardball With Chris Matthews, political strategists discussed the importance of a competitive primary race and the opening that exists for Senator Warren. Michelle Bernard, CEO of The Bernard Center for Women, said she sees Warren as a strong potential candidate:
“We live in a populist country right now. People love her. And Elizabeth Warren may say she’s not running, but so was Hillary Clinton and I think time will tell. I think that Elizabeth Warren could possibly be talked into running. … There are many progressives looking for new and different ideas.”
Watch the clip here, with Bernard’s comments at 6:40
ICYMI — WARREN TO TIME MAGAZINE: ‘I’M GOING TO DO EVERYTHING I CAN’ ON ECONOMIC POLICY. In an article earlier this year on Senator Warren’s “gravitational pull,” TIME’s Rana Foroohar called Warren the “lunar goddess of the left wing” who pushes and pulls the tide of the Democratic party.
When I ask her flatly if she’d run if she thought a Rubin or Summers would be making economic policy for the next four years, she paused. “I tell you … I’m going to do everything I can. I’m going to fight as hard as I have to. This has to change.”
Read the full TIME article here.
‘A PASSIONATE AND INFLUENTIAL VOICE’: The Pittsburgh Post-Gazette’s Tracie Mauriello writes this weekend about Elizabeth Warren’s status as one of the most influential figures in the 2016 election, and how she has already become an icon of the Democratic party.
“U.S. Sen. Elizabeth Warren — law professor, bankruptcy expert, mother, creator of the federal Consumer Protection Financial Bureau and champion of the struggling middle class — is poised to leave her mark on the 2016 presidential race whether she is a candidate or not.
“The populist Massachusetts Democrat’s resonant voice could change the scope of her party’s primary by firmly planting the focus on middle class issues such as income inequality, banking regulation, workers’ rights and bankruptcy law.”
Mauriello closes the piece by highlighting a quote from Warren’s memoir, as she contemplated whether to run for her Senate seat: “I really didn’t want to run. I’d had enough of Washington. And yet … there was so much at stake in this election.”
ARTISTS FOR WARREN AT THE OSCARS: This year’s Academy Awards were filled with Warren supporters and nominees like Mark Ruffalo and Edward Norton, as The Hill’s Judy Kurtz notes.