Keyword: elizabethwarren
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WASHINGTON, D.C. — Senator Elizabeth Warren was seen riding into town Monday morning bearing the scalp of her defeated enemy, Spirit Airlines. The senator from Massachusetts previously opposed a merger between JetBlue and Spirit Airlines, arguing that Spirit Airlines "made mockery of Great Spirit" and only its defeat would "bring'em return of buffalo." "Me no make'em deal with palefaces," Warren said at the time. "Call for anti-trust. Me anti-trust white man." At the time, others argued in favor of the merger, saying it would save thousands of jobs and enable the two budget airlines to join forces against the...
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Today, just four companies — JBS, Cargill, Tyson Foods, and National Beef — control roughly 85% of the cattle processing market. That level of concentration has surged from just 25% in 1977 to 71% by 1992, and now to an astonishing 85%. Together, these companies operate through dozens of subsidiary businesses, creating a landscape that leaves many of our cattle producers with limited marketing options. For some ranchers this means less marketing opportunities, complicating an already challenging marketplace. We must work to address this to protect our ranchers and consumers. @POTUS and this administration are focused on promoting fairness and...
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Senators Elizabeth Warren (D, Massachusetts) and Josh Hawley (R, Missouri) introduced the Break Up Big Medicine Act, legislation aimed at prohibiting the joint ownership of health insurers, pharmacy benefit managers (PBMs), providers, and wholesalers to reduce health care costs and restore competition... The legislation comes amid growing concerns about consolidation in the health care industry. In the US, 3 PBMs currently manage 80% of prescription drug claims, 2 and 3 wholesalers control 98% of prescription drug distribution... These entities are often vertically integrated, meaning a single parent company can own every component of the health care supply chain, from the...
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As federal health care subsidies barrel toward expiration, a bipartisan group of 35 U.S. lawmakers is calling on leaders in the House and Senate to hold a vote on extending the benefits before the end of next week. The group includes Rep. Jeff Hurd, a Grand Junction Republican who has been pushing for a renewal of the subsidies, known as the enhanced premium tax credit. The subsidies, passed by Democrats in Congress during the COVID-19 pandemic, helped lower insurance premiums for plans purchased through Affordable Care Act marketplaces, but are now slated to expire on Dec. 31. Many Coloradans have...
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Spirit Airlines is preparing to shutter operations after a $500 million bailout deal with the Trump administration fell apart, according to a report Friday. The embattled budget airline has been unable to secure enough funding from the government and certain bondholders to keep it in business, the Wall Street Journal reported, citing sources familiar with the matter. Spirit had been in talks with the Trump administration about a deal that would hand the government a stake of up to 90% in exchange for a major cash boost — potentially allowing the White House to use part of the bankrupt carrier’s...
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Spirit Airlines is preparing to cease operations after a last-ditch rescue effort reportedly collapsed, leaving the struggling budget carrier on the brink of collapse. The ailing airline had been hoping to secure a $500 million lifeline from the government to keep it afloat, but talks have failed to produce a deal. People familiar with the matter told the Wall Street Journal that Spirit has been unable to win sufficient backing from key bondholders and government officials, raising serious doubts over its ability to continue operating. Discussions had taken place with the Trump administration over a potential bailout package that would...
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The White House is reportedly considering a plan to take over Spirit Airlines and use part of the bankrupt carrier’s fleet for military missions. Under the proposal, President Trump would invoke the Defense Production Act to loan Spirit Airlines money for national defense purposes, CBS News reported on Friday. The Pentagon would then use the budget airline’s “excess capacity for transporting troops, military cargo or other missions,” the outlet said, citing sources. Spirit’s creditors would need to sign off on the strategy. The company, known for its bright-yellow planes and low-cost fares, has declared bankruptcy twice in the past two...
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The Trump administration is in advanced discussions with budget carrier Spirit Airlines about a bailout, sources familiar with the negotiations told CBS News. The financing package could include a loan of up to $500 million, in exchange for warrants that would allow the federal government to take a potentially substantial ownership stake in the beleaguered airline, the sources said. Commerce Secretary Howard Lutnick is one of the chief proponents pushing the Trump administration to take an ownership stake in the carrier, multiple sources told CBS News. The deal is not done and is subject to change, but could be finalized...
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The Trump administration is in advanced talks for a financing package for Spirit Airlines as the carrier is facing the risk of a liquidation, according to a person familiar with the matter. The iconic discounter Spirit has been challenged for years by rising costs, changing consumer tastes, an engine recall and a court-blocked plan to be acquired by JetBlue Airways two years ago. “Spirit Airlines would be on a much firmer financial footing had the Biden administration not recklessly blocked the airline’s merger with JetBlue,” White House spokesman Kush Desai said in a statement to CNBC. “The Trump administration continues...
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Spirit Airlines has approached the Trump administration about an emergency bailout to keep the beleaguered discount carrier in business and avoid liquidation due to skyrocketing fuel prices, CBS News has learned. "Spirit is looking for a lifeline," a source familiar told CBS News. Some Spirit creditors have questioned the airline's ongoing viability and are concerned the airline will not be able to make an upcoming multimillion-dollar debt payment due to surging fuel prices, raising the possibility that the carrier could be forced into liquidation in the near future. Spirit executives and other low-cost carriers are expected to meet with Transportation...
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Spirit Airlines could dissolve as soon as today and leave passengers who have already booked tickets stranded at airports around the country. The carrier filed for bankruptcy twice between November 2024 and August 2025, and it currently remains under Chapter 11 protection. Spirit was able to survive based on the assumption that jet fuel prices would remain stable and that it would be able to maintain its passenger capacity at 80 percent, hoping to exit restructuring in early summer. But since the war with Iran, jet fuel prices have nearly doubled in large cities such as New York, Houston, Chicago...
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Spirit Airlines died tonight at the hands of the socialist crusader, Elizabeth Warren She must be so proud to add another casket to her achievements. Tonight at 3am, Spirit turns off the lights. 14,000 jobs gone. 30+ smaller airports lose service. JetBlue offered $3.8 BILLION in cash to buy Spirit in 2022. Shareholders, flight attendants union, literally everyone voted yes. The combined company would have held 9% of the US market against a Big 4 that already owned 80%. For anyone who understands numbers: 9% isn’t a monopoly against 80%. Warren said no. She wrote letters. She pressured Buttigieg. Biden’s...
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Six progressive, anti-Israel candidates running for Congress in Illinois, all of whom AIPAC reportedly sees as potential members of the “Squad,” lost their primaries in the 2nd, 7th, 8th and 9th Districts on Tuesday. Most drew endorsements from the Democratic Socialists of America, members of the “Squad” in Congress or a combination of the two. Marc Rod, of Jewish Insider, wrote on March 16, the day before the primaries, that “a source close to AIPAC says the group’s main goal in Chicago is stopping who it sees as six potential Squad members: Robert Peters, Kina Collins, Junaid Ahmed, Yasmeen Bankole,...
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Senate blasts through housing reform 89-10 bipartisan.Cuts HUD red tape stops investor home hoarding.Boosts builds fulfills Trump affordability push.The Senate passed the 21st Century ROAD to Housing Act with huge bipartisan support. It fights the housing crunch squeezing working families.Lawmakers like Tim Scott and Elizabeth Warren teamed up on grants and pilots to spark new homes.The bill tweaks rules for more housing types and blocks big investors from snapping up single-family houses.It streamlines federal inspections to speed projects without new spending.“When President Trump and Elizabeth Warren and the Senate majority of Republicans can all come to the same place on...
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The Supreme Court struck down the majority of President Trump’s “Liberation Day” tariffs in February, and Sen. Elizabeth Warren isn’t letting the Administration weasel out of paying back American taxpayers. “If your Administration is successful in its campaign to avoid paying back illegally collected tariffs, it would amount to a theft in broad daylight from each and every American family that has paid the price of your failed economic agenda,” Warren said in a Wednesday statement. Per her office’s estimates, the tariffs have cost families about $1,700 each. The Supreme Court on February 20 ruled against the tariffs 6-3, arguing...
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VIDEOJames Rickards on Bannon's War Room observed that Senator Elizabeth Warren visibly WINCED when President Trump, during his State Of The Union speech, stated that Venezuelan dictator Nicolas Maduro has been plucked out of Caracas and brought to justice in the U.S.A.. As you can see, Rickards actually undersold Warren's reaction because she actually winced TWICE. Such was the shock suffered by the self-described Native American.
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Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Sen. Rand Paul, R-Ky., introduced legislation today to repeal Donald Trump’s global tariffs, with Senate Minority Leader Chuck Schumer, D-N.Y., and Sens. Tim Kaine, D-Va., Jeanne Shaheen, D-N.H., Peter Welch, D-Vt., and Elizabeth Warren, D-Mass. The binding measure will be treated as a privileged resolution that must receive a vote on the Senate floor. The measure would terminate the emergency that Trump declared in order to slap tariffs of up to 40% on products Americans buy from other countries. In the wake of Trump’s tariff declaration, costs have...
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Independence at the Federal Reserve? Only sometimes, it seems.was rocked by Health and Human Services Secretary Robert F. Kennedy Jr. Then, the progressive lawmaker exposed her hypocrisy at a confirmation hearing involving Stephen Miran, President Donald Trump’s pick to join the Federal Reserve Board temporarily. While Warren shrieked in the upper chamber about central bank independence, she forgot to talk about her own list of demands to Fed Chair Jerome Powell.Elizabeth Warren Talks to Stephen MiranLast month, Fed Governor Adriana Kugler abruptly resigned from the Eccles Building, effectively vacating a seat at the powerful establishment. Days later, President Trump unveiled...
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Three Democratic senators are sounding the alarm about lucrative contracts and loans the Pentagon provided to companies linked to Donald Trump Jr. In a letter sent Thursday to Secretary of Defense Pete Hegseth, the lawmakers – Sens. Elizabeth Warren, Andy Kim and Richard Blumenthal – requested information on whether DoD decisions to hand out loans and contracts to companies “associated with the president’s son may have been affected by conflicts of interest.” “If this is the case, it could mean that the Trump family is profiting from funds appropriated by Congress to keep Americans safe, raising both ethics and national...
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Democratic Sen. Elizabeth Warren of Massachusetts said that President Donald Trump called her on Monday following a speech in which she sharply criticized his record on costs and governance. "In my remarks, I made it clear that despite promising to lower costs On Day One, Trump has done nothing but raise costs for families," she said in the statement. She said Trump called her after her remarks at the event on Monday. "I told him that Congress can pass legislation to cap credit card rates if he will actually fight for it. I also urged him to get House Republicans...
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