Warren fires back at banks halting donations to Democrats
Reuters reported on Friday that the two banks decided stop giving to the DSCC, citing unnamed sources. The wire service also said Goldman Sachs and Bank of America have participated in discussions about tying contribution decisions to Warren’s rhetoric.
Citigroup is a frequent target of Warren’s attacks. In December she addressed the bank directly in a speech on the Senate floor, saying that she wished the Dodd-Frank Wall Street reform legislation had “broken you into pieces.”
Molly Millerwise Meiners, Citi’s Director for Corporate Communications wouldn’t say whether the bank is planning to change its giving pattern based on her speeches. “Citi’s Political Action Committee contributes to candidates and parties across the political spectrum that share our desire for pro-business policies that promote economic growth,” she said in a statement.
Andrew Gray, a spokesperson for JP Morgan Chase, said the bank “always believed in the importance of engaging constructively with our public officials.”
This latest spat between Wall Street and Warren comes amid a major change in the Senate Democratic caucus. Minority Leader Harry Reid, a Warren booster, said Friday that he won’t seek re-election in two years. The move opens up the top Democratic leadership slot, and the likely successor will be Senator Chuck Schumer of New York.
Some liberal groups floated the idea of a Warren bid the post. An aide to Warren tried to tamp that down Friday afternoon, saying she wouldn’t seek the post.
Reuters reported on Friday that the two banks decided stop giving to the DSCC, citing unnamed sources. The wire service also said Goldman Sachs and Bank of America have participated in discussions about tying contribution decisions to Warren’s rhetoric.
Citigroup is a frequent target of Warren’s attacks. In December she addressed the bank directly in a speech on the Senate floor, saying that she wished the Dodd-Frank Wall Street reform legislation had “broken you into pieces.”
Molly Millerwise Meiners, Citi’s Director for Corporate Communications wouldn’t say whether the bank is planning to change its giving pattern based on her speeches. “Citi’s Political Action Committee contributes to candidates and parties across the political spectrum that share our desire for pro-business policies that promote economic growth,” she said in a statement.
Andrew Gray, a spokesperson for JP Morgan Chase, said the bank “always believed in the importance of engaging constructively with our public officials.”
This latest spat between Wall Street and Warren comes amid a major change in the Senate Democratic caucus. Minority Leader Harry Reid, a Warren booster, said Friday that he won’t seek re-election in two years. The move opens up the top Democratic leadership slot, and the likely successor will be Senator Chuck Schumer of New York.
Some liberal groups floated the idea of a Warren bid the post. An aide to Warren tried to tamp that down Friday afternoon, saying she wouldn’t seek the post.
