On the Hill
Just because the government has shut down doesn’t mean Congress will cease its central function of making Americans’ lives miserable. While everyone watches the legislative back-and-forth on the budget, the House may vote this week to thwart a key new Labor Department protection affecting $10.5 trillion in retirement funds. Basically, House Republicans want to allow the financial services industry to continue to steal from your 401(k) and IRA plans. And far too many Democrats want to help them.
On Tuesday, Representative Patrick McHenry called Elizabeth Warren a liar. Twice. As Obama’s advisor for the new Consumer Financial Protection Bureau, Warren has grown accustomed to conservative ire. But this grew personal. First, while chairing a House subcommittee hearing, the North Carolina Republican accused Warren of misleading testimony. Then, after she testified, she asked to be excused for another meeting, which she claimed to have previously discussed with the congressman’s staff.