Brendan Pedersen @BrendanPedersen Twitter profile

Last Seen Profiles

@liyxbaby

@Squa21emedunom

@springvalered

@zacyoga

@TheNotableApp

@AbcExodia

@aynett

@bellville_rowe

@enbyoonji

@annaleemedia

@api_cosplay

@VanityFairSpain

@vallesoficial

@roadburnfest

@CLDeSport

@kkissthis

@DrShazmaMithani

@NDSS

@starmillion88

@joaohencer

@abductedentity

@yebi_suki

@USEmbassyAddis

@HoopsPt

@NearlendDao

@nysscpa

@AgnesWold

@pengen_stw

@aesykarina

@OWPS_seals

@Crewardsgg

@sakko_vs

@tribalwindsnyc

@TickleTexts

@CandysOpinions

@Mike_Maerz

Brendan Pedersen

@BrendanPedersen

1 year

CIVIL WAR NEWS: General Grant has been promoted

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Brendan Pedersen

@BrendanPedersen

1 year

BREAKING: FDIC APPOINTED RECEIVER OF SILICON VALLEY BANK. We knew there were problems at SVB, but this is *exceptional* for a few reasons: FDIC rarely, rarely fails banks during business hours. We usually see this at COB on Fridays, so this must have been extremely dire.

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Brendan Pedersen

@BrendanPedersen

1 year

BIDEN on the debt limit: "I have been considering the 14th amendment."

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Brendan Pedersen

@BrendanPedersen

8 months

from front to end this may be one of the most incredible sentences ever written

Caitlyn Kim

@caitlynkim

8 months

Rep. Lauren Boebert issues statement after more video from the Beetlejuice performance emerges, including that she did vape despite statements to the contrary. “it was not my or my campaign's intention to mislead, but we do understand the nature of how this looks” #copolitics

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Brendan Pedersen

@BrendanPedersen

1 year

DURBIN says Chief Justice Roberts has declined to testify to the Senate Judiciary Committee next week

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Brendan Pedersen

@BrendanPedersen

1 year

CBO estimates Rep. Adrian Smith's (R-Neb.) bill to rescind $80 billion in IRS funding from the Inflation Reduction Act would add ~$114 billion to the federal defecit over a 10 year period

Estimated Budgetary Effects of H.R. 23, the Family and Small Business Taxpayer Protection Act

As Posted on the Website of the Clerk of the House of Representatives on January 9, 2023, as an Item That May Be Considered Pursuant to a Rule

www.cbo.gov

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Brendan Pedersen

@BrendanPedersen

3 months

"Let's be honest: this is a good economy," Fed Chair Jay Powell says.

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Brendan Pedersen

@BrendanPedersen

1 year

JOINT STATEMENT FROM POWELL, YELLEN AND GRUENBERG: *SVB has been resolved and "fully protects all depositors. Depositors will have access to all of their money" tomorrow *New York's Signature Bank has been closed full statement here:

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Brendan Pedersen

@BrendanPedersen

1 year

Second: the FDIC does not like to be appointed receiver when a bank fails. This process is expensive, and the Deposit Insurance Fund will need to pay. The FDIC prefers to identify a buyer who will absorb the bank and customers. Underscores just how fast this failure happened.

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Brendan Pedersen

@BrendanPedersen

4 months

BIG FINANCIAL SERVICES NEWS: Rep. Blaine Luetkemeyer (R-Mo.), a GOP frontrunner to lead the House Financial Services Committee after Patrick McHenry, has decided to retire, a spokesperson tells me. This puts Rep. French Hill (R-Ark.) as the heir apparent for the role

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Brendan Pedersen

@BrendanPedersen

1 year

On follow-up, Biden says he doesn't think any of his staff has "studied" the "coin issue," referring to the Mint The Coin debate. But he doesn't commit when asked whether invoking the 14th amendment is the "most likely" unilateral action.

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Brendan Pedersen

@BrendanPedersen

1 year

"At the time of closing, the amount of deposits in excess of the insurance limits was undetermined. The amount of uninsured deposits will be determined once the FDIC obtains additional information from the bank and customers."

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Brendan Pedersen

@BrendanPedersen

1 year

Bloomberg's @ElleBeyoud and @kjspeakstruth reported an hour ago that FDIC and Fed officials visited the bank yesterday. That was a good, good indicator that shit was about to break bad.

Lydia Beyoud

@ElleBeyoud

1 year

NEW on @TheTerminal : FDIC & Fed Reserve officials arrived on site at SVB Silicon Valley Bank yesterday to get a better understanding of the bank’s financial predicament. Reporting by @kjspeakstruth & me:

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Brendan Pedersen

@BrendanPedersen

13 days

Schumer will reintroduce his fullscale cannabis legalization package tomorrow at a 12:30 presser with Sens. Wyden (D-Ore) and Booker (D-N.J.)

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Brendan Pedersen

@BrendanPedersen

1 year

With zero fanfare or announcement, the House Financial Service Committee uploaded a 73-page discussion draft of a stablecoin, digital dollar bill for next week's subcommittee hearing. Table of contents here gives you a sense of ground being covered

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Brendan Pedersen

@BrendanPedersen

1 year

Just out from Goldman Sachs: The Treasury Department reported more tax revenue than expected yesterday, pushing the debt limit's X date "more squarely in July"

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Brendan Pedersen

@BrendanPedersen

7 years

@ericuman Off the rails in a wholesome, liberated and badass way.

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Brendan Pedersen

@BrendanPedersen

7 months

hey can someone check in on the gavel when they have a chance ???

Howard Mortman

@HowardMortman

7 months

The Rep. Patrick McHenry gavel slam ....

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Brendan Pedersen

@BrendanPedersen

1 year

NEW: Treasury Sec. YELLEN wrote to congressional leadership about the debt ceiling today. "Failure to meet the government’s obligations would cause irreparable harm to the U.S. economy, the livelihoods of all Americans" and the globe"

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Brendan Pedersen

@BrendanPedersen

2 months

NEWS: Visa and Mastercard have agreed to an sweeping class action settlement this morning that includes new restrictions on their swipe fees. Law firm representing U.S. merchants says this will save retailers "at least $29.79 billion"

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Brendan Pedersen

@BrendanPedersen

1 year

Anyone who claims Yellen is shifting around the estimated date of default for political purposes is operating in either ignorance or bad faith at this point. The funding of the Treasury Department is public information! You can look at it on the internet!

Jeff Stein

@JStein_WaPo

1 year

Baffled by the suggestion Yellen is changing the calculus for lawmakers. Previously, she said X Date was in early June but *could* be *as soon as* June 1. Now saying X Date *is* June 5, which is definitely in early June

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Brendan Pedersen

@BrendanPedersen

7 years

. @propublica has been going off the rails lately. Their work is deeply, profoundly important.

ProPublica

@propublica

7 years

1/ OK. So, tonight we’re going to give a few facts about how the U.S. currently vets refugees.

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Brendan Pedersen

@BrendanPedersen

1 year

send me all your civil war scoops

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Brendan Pedersen

@BrendanPedersen

1 year

I asked Sen. Durbin if Democrats had the votes to confirm Julia Su to be the Biden administration's next Labor secretary. Durbin: "I don't know," adding it needs to be whipped still

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Brendan Pedersen

@BrendanPedersen

1 year

There's a line in the 14th amendment that states the "validity of the public debt of the United States... shall not be questioned." It a Civil War finance thing. Some folks have suggested this could let the WH ignore the debt limit X-date. It would need to survive the courts.

Hillary 🐋 Ocean Ogier 🌊

@mellowhale

1 year

I have no idea what this means, can a poli sci person explain it to me please

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Brendan Pedersen

@BrendanPedersen

1 year

Our @bresreports also caught up with HFSC Chair Maxine Waters. Asked if she was surprised by SBF's arrest tonight, Waters says: "I'm 84 years old. Nothing surprises me. I've been around."

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Brendan Pedersen

@BrendanPedersen

1 year

I asked Rep. Ocasio-Cortez last night about her departure from the House Financial Services Committee. She's one of several Dems who had to choose between "exclusive" committees under McCarthy, and AOC chose House Oversight. Read @PunchbowlNews midday!

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Brendan Pedersen

@BrendanPedersen

1 year

Brendan Pedersen

@BrendanPedersen

1 year

There's a line in the 14th amendment that states the "validity of the public debt of the United States... shall not be questioned." It a Civil War finance thing. Some folks have suggested this could let the WH ignore the debt limit X-date. It would need to survive the courts.

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Brendan Pedersen

@BrendanPedersen

1 year

Scoop from me: Senate Banking Committee Chair Sherrod Brown and the panel's Democrats are urging the SEC to quickly investigate stock trades made by Silicon Valley Bank execs before the failure. They also want Gensler to look at other banks 👀 Letter:

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Brendan Pedersen

@BrendanPedersen

4 months

The Senate Banking Committee is hosting a hearing next week on combating fraud. One of the witnesses is Frank Abagnale, a "security consultant" who, yes, is the real life guy from the movie CATCH ME IF YOU CAN

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Brendan Pedersen

@BrendanPedersen

4 months

TAX NEWS: Bipartisan tax deal is almost here with Ways and Means staff planning to debrief GOP members on parameters Wednesday. Wyden told me the deadline is filing season's start on Jan. 29 to expand the child tax credit for 2023.. w/ @LauraEWeiss16 @JakeSherman @heatherscope

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Brendan Pedersen

@BrendanPedersen

1 year

Outside the Speakers Lobby, Rep. Dan Crenshaw told us that Kevin McCarthy would have to resign before he even considered an alternative, and he will "never" vote for "whoever that 20 wants." "I can hold out forever."

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Brendan Pedersen

@BrendanPedersen

6 months

It's worth pointing out Sinema's broadside here comes less than 48 hours after Andrew and @bresreports reported an NRSC poll showing her in a distant third for Arizona's senate seat in 2024 behind Kari Lake (R) and Rep. Ruben Gallego (D)

Subscribe to Punchbowl News Premium

punchbowl.news

Andrew Desiderio

@AndrewDesiderio

6 months

The record needs to be corrected here. 1. We’ve been calling it a standing order resolution in our coverage. In layman’s terms, it’s a temporary rules change. Not in Senate-speak. But for a general audience, it is a temporary change to existing rules.

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Brendan Pedersen

@BrendanPedersen

7 years

Utter savagery from @johnjharwood here on today's cabinet meeting

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Brendan Pedersen

@BrendanPedersen

6 years

TURNOUT UPDATE: Got my hands on the number of registered voters in Chicago by age. It blows up the "only 3% of millennials voted" factoid by a lot. When you combine the 18-24 and 25-34 brackets, 17.8% of registered millennials showed up. #twill #IllinoisPrimaries

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Brendan Pedersen

@BrendanPedersen

10 months

Rep. Patrick McHenry (R-NC) announces NO DEAL on stablecoins with Rep. Maxine Waters (D-Calif), says he's "disappointed." Here's a twist: McHenry is blaming the White House for an "unwillingness to compromise" in negotiations.

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Brendan Pedersen

@BrendanPedersen

8 months

We can confirm this. The plan is for a markup on Sept 27, though I'm told the date is a bit squishy and could shift a bit before we get there. News is the same though: we have a bipartisan deal for SAFE Banking in the Senate

Julie Tsirkin

@JulieNBCNews

8 months

SCOOP: Some welcome news for cannabis reform advocates 👀 The SAFE Banking Act, a bill that would give legal weed business access to banking services, set to have a long-awaited hearing THIS month It has enough support to pass the Senate @lizbrownkaiser

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Brendan Pedersen

@BrendanPedersen

3 months

This interview with House Financial Services Committee Chair Patrick McHenry (R-NC) sure is something

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Brendan Pedersen

@BrendanPedersen

2 months

millennials must be stopped

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Brendan Pedersen

@BrendanPedersen

3 years

NEW: The OCC has approved the first nationally-charted crypto bank, Anchorage Digital Bank. No insured deposits, no bank holding company, with a focus on bank partnerships. More:

In a first, OCC grants federal charter to crypto firm

A co-founder of Anchorage Trust Co. said its digital bank, which will not take insured deposits, will enable the company to strengthen partnerships with financial institutions that offer custody...

americanbanker.com

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Brendan Pedersen

@BrendanPedersen

3 months

Fed Chair Jay Powell says the U.S. economy has made "good progress" towards the Federal Reserve's goal of lowering inflation while maximizing employment. Follow along as the FOMC press conference continues.

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Brendan Pedersen

@BrendanPedersen

5 months

Some news right out of the gate in this special edition of The Vault: Treasury Secretary Yellen has not spoken to Speaker Mike Johnson six weeks since he took office. Thankfully, nothing is going on in the US or global economy.

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Brendan Pedersen

@BrendanPedersen

1 year

New: I asked Senate Banking Chair Sherrod Brown about cannabis banking reform, and Brown said wants to "take it up and get it through" in 2023, adding: "there's interest in the Republican House" This is definitely the most supportive I've heard Brown be on SAFE Banking.

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Brendan Pedersen

@BrendanPedersen

6 years

In the lobby of City Hall, protesters saying #NoCopAcademy -- cardboard tombstones set up with the names of people killed by police

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Brendan Pedersen

@BrendanPedersen

1 year

Rep. Cori Bush (D-MO.) says she's "leaning" no but sounds livid about the changes to SNAP. "As somebody who was a food stamp recipient, there is absolutely no way I can see myself green-lighting something that will take food from people's mouths."

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Brendan Pedersen

@BrendanPedersen

1 year

oh no oh no oh no

Citizen's Rest

@yardsalesman

1 year

@BrendanPedersen I appreciated your question, but what do you have against owls?!

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Brendan Pedersen

@BrendanPedersen

11 months

News: The Federal Reserve will hold interest rates steady for now, the U.S. central bank said. After 10 straight increases, this is the first time the Fed has chosen not to hike rates since March 2022.

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Brendan Pedersen

@BrendanPedersen

1 year

Sherrod Brown is addressing the American Bankers Association and tells the audience there's a strong overlap between the collapse of Silicon Valley Bank and the East Palestine derailment: "Corporate lobbyists pushing for weaker rules and less oversight."

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Brendan Pedersen

@BrendanPedersen

7 months

New: local House reporter thrilled to see sunset for first time in three weeks

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Brendan Pedersen

@BrendanPedersen

1 year

House Budget Chair Jodey Arrington (R-Texas) told me he's not convinced a true debt ceiling default is possible under the Constitution and that the Treasury Department would step in to pay U.S. creditors. More in @PunchbowlNews AM w/ @bresreports :

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Brendan Pedersen

@BrendanPedersen

1 year

First in @PunchbowlNews : House Financial Services Committee Chair Patrick McHenry (R-NC) and Rep. Ritchie Torres (D-NY) will reintroduce the Keep Innovation in America Act today.

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Brendan Pedersen

@BrendanPedersen

4 months

Rep. Rosa DeLauro (D-Conn), a top child tax credit advocate, says the bipartisan negotiations between Sen. Wyden and Ways and Means Chair Jason Smith are "not where it should be going." Worried the CTC level are too low. "There's no reason to negotiate against ourselves."

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Brendan Pedersen

@BrendanPedersen

1 year

@manoble134

Brendan Pedersen

@BrendanPedersen

1 year

There's a line in the 14th amendment that states the "validity of the public debt of the United States... shall not be questioned." It a Civil War finance thing. Some folks have suggested this could let the WH ignore the debt limit X-date. It would need to survive the courts.

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Brendan Pedersen

@BrendanPedersen

5 months

The Federal Reserve will hold rates at current level, keeping the federal funds rate at 5.25% and 5.5%. FOMC projections expect 75 basis points worth of cuts next year. Follow along for Chair Jay Powell's press conference at 230 ET.

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Brendan Pedersen

@BrendanPedersen

2 years

Some personal news! This is my last week at American Banker. It's been a fun 3 years, and my last day is Friday. I won't be leaving financial policy coverage, and I'm excited to start my next chapter -- more on that soon!

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Brendan Pedersen

@BrendanPedersen

2 years

- FTX Group files for Chapter 11 bankruptcy - SBF resigns as CEO - John J. Ray III steps in as CEO... the same guy who became chairman of ENRON after the company collapsed

‘Pit bull’ fights to pick up Enron’s pieces

John J. Ray III shares one thing in common with Kenneth Lay: the job title of Enron chairman. Ray, a Chicago lawyer, relishes the role. During the last three years he has been involved in cleaning …

www.chicagotribune.com

FTX

@FTX_Official

2 years

Press Release

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Brendan Pedersen

@BrendanPedersen

7 months

the response is not exactly shocking but this clip still manages to feel completely surreal

Acyn

@Acyn

7 months

Reporter: You help lead the effort to overturn the 2020 election results, do you— Republicans: *boo* shut up

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Brendan Pedersen

@BrendanPedersen

1 year

everybody say hello to ✨Eugene✨ a sweet boy we adopted this weekend who loves bathtubs and his new brother

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Brendan Pedersen

@BrendanPedersen

6 months

NEW: In a brief statement, Senate Banking Committee Chair Sherrod Brown (D-Ohio) calls on the FDIC Inspector General to "conduct an independent and thorough investigation into the workplace culture at the agency.”

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Brendan Pedersen

@BrendanPedersen

2 months

I asked Chair Jay Powell about what the Federal Reserve is doing with CBDCs right now. Powell said it was "wrong to say" that the Fed has "a secret lab" where central bankers are creating a digital dollar before springing it on Congress. Got some laughs!

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Brendan Pedersen

@BrendanPedersen

4 months

Greetings from New York, where I am unable to escape Rep. Patrick McHenry (R-N.C)

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Brendan Pedersen

@BrendanPedersen

6 months

who says Congress can't innovate

Jake Sherman

@JakeSherman

6 months

JOHNSON says he’s considering a “laddered CR,” which would extend individual agencies budgets for different periods of time. This would effectively create a cascade of shutdown threats

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Brendan Pedersen

@BrendanPedersen

1 year

new from me in @PunchbowlNews this AM: Sens. Hickenlooper, Tillis, Warren and Lummis wrote to the FTX bankruptcy judge with concerns about top law firm Sullivan & Cromwell's involvement in the case, given its ties to FTX prior to the collapse

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Brendan Pedersen

@BrendanPedersen

26 days

Chair Patrick McHenry (R-N.C.) is also juggling childcare and markup duties here

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Brendan Pedersen

@BrendanPedersen

1 year

WASHINGTON — The Federal Reserve announced a rate hike of 25 basis points this aftenoon, the smallest since 2018 as inflation has broadly declined in recent months. Follow along for today's press conference with Chair Jay Powell at 2:30 ET!

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Brendan Pedersen

@BrendanPedersen

3 months

Speaker Mike Johnson has no comment just now when I asked if he's meeting with the House Freedom Caucus tonight and whether the tax deal should be reopened at this point

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Brendan Pedersen

@BrendanPedersen

1 year

Wow. The CFPB is hitting Wells Fargo with a $3.7 billion enforcement action this morning. I believe this is the largest fine to hit the megabank since its 2020 settlement with the DOJ Details here:

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Brendan Pedersen

@BrendanPedersen

2 years

It's out! It's me! I started this week at @PunchbowlNews . Thrilled to get to work with this team. If you haven't already, subscribe to our daily (free!) newsletter over at

Home

punchbowl.news

Sara Fischer

@sarafischer

2 years

Punchbowl News is expanding its coverage to financial services

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Brendan Pedersen

@BrendanPedersen

1 year

Don’t call it 2008, but Washington is worried about the banks. Today's edition of @PunchbowlNews has everything you need to know about the steps taken by the Biden administration last night to shore up the US financial system.

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Brendan Pedersen

@BrendanPedersen

1 year

BREAKING: Treasury Secretary Janet Yellen told congressional leaders today that the U.S. government is still on track to default as soon as June 1, in line with previous estimates. This is not the reprieve some lawmakers were counting on. Read here:

Yellen-Debt-Limit-Letter - Punchbowl News

punchbowl.news

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Brendan Pedersen

@BrendanPedersen

1 year

Here's the full exchange I had with Fed Chair Jay Powell this afternoon about quantitative tightening and its impact on the debt ceiling:

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Brendan Pedersen

@BrendanPedersen

1 month

NEWS: The two top lawmakers on the House Financial Services Committee met with Majority Leader Chuck Schumer this afternoon to discuss stablecoin reform. Lawmakers discussed whether the FAA reauthorization could be a potential vehicle for bipartisan legislation. PBN text out now.

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Brendan Pedersen

@BrendanPedersen

11 months

probably the first time "fking" has made it into an infographic issued by the U.S. government, yeah?

U.S. Securities and Exchange Commission

@SECGov

11 months

Today we charged Binance Holdings Ltd. (Binance); U.S.-based affiliate, BAM Trading Services Inc., which, together with Binance, operates ; and their founder, Changpeng Zhao, with a variety of securities law violations.

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Brendan Pedersen

@BrendanPedersen

1 year

Caught up with Chair Sherrod Brown outside today's hearing room, and he told us that he sees problems in crypto far beyond FTX. "Many Republicans on this committee think this is just FTX problem. It's a much bigger problem with crypto generally."

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Brendan Pedersen

@BrendanPedersen

4 months

In a statement, Luetkemeyer says he will retire "at the end of my term in December."

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Brendan Pedersen

@BrendanPedersen

6 months

NEWS from me and @heatherscope on NDAA: several Senate sources say Rep. Patrick McHenry (R-NC) has threatened to block the bipartisan FEND Off Fentanyl Act's inclusion from the annual defense package if leading House crypto legislation isn't included. More to come in PM

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Brendan Pedersen

@BrendanPedersen

3 months

Spotted on the Hill: Wisconsin Republican Senate candidate Eric Hovde just walked into Majority Whip John Thune's office with an escort from NRSC Chair Steve Daines

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Brendan Pedersen

@BrendanPedersen

2 years

NOW: The Federal Reserve will raise interest rates by 75 basis points. Widely expected, but eyes now turn to December's FOMC meeting and Powell's presser, which kick off in 30 minutes.

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Brendan Pedersen

@BrendanPedersen

8 months

Senate Banking Committee makes it official:

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Brendan Pedersen

@BrendanPedersen

2 years

SCOOP: Two weeks ago, Senate Banking Chair Sherrod Brown told @KateDavidson : “I don’t have a lot of thoughts on what the Fed does,” re: interest rates. That changed today. Brown sent a letter to Fed Chair Jay Powell urging the banker not to crush the labor market as rates rise.

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Brendan Pedersen

@BrendanPedersen

1 year

NEW: House Financial Services Committee seeks Sam Bankman-Fried for an hearing on FTX in December: "the Committee expects to hear from the companies and individuals involved, including Sam Bankman-Fried, Alameda Research, Binance, FTX, and related entities, among others."

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Brendan Pedersen

@BrendanPedersen

2 years

Notably, Hickenlooper is explicitly telling the Federal Reserve to *pause* hikes and pause them now. Sen. Brown's letter did not tell the Fed what it should do: just that it would be super cool if they didn't crush the labor market

Jake Sherman

@JakeSherman

2 years

Hickenlooper joins Brown in expressing pause about the Fed continuing to hike rates.

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Brendan Pedersen

@BrendanPedersen

2 years

Hello, new followers!👋As per today's AM newsletter, this is what you can expect from our financial services coverage. I'm still getting my feet set, but if you haven't already, you can find my inbox via brendan at puncbowl dot news. and My DMs are open if that's more your jam.

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Brendan Pedersen

@BrendanPedersen

1 year

SCOOP in @PunchbowlNews AM today: The Biden DOJ has had broad concerns about the potential impact cannabis banking reform could have on law enforcement investigations from me, @JakeSherman and @bresreports You can read the full story here:

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Brendan Pedersen

@BrendanPedersen

10 months

vibe check inside the House Financial Services Committee

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Brendan Pedersen

@BrendanPedersen

8 months

so far, 100% of the senators calling for Menendez to resign are his colleagues on the Senate Banking Committee

Andrew Desiderio

@AndrewDesiderio

8 months

NEW: Sen. Sherrod Brown, an in-cycle Dem, calls on Menendez to resign, saying he has “broken the public trust.” Brown is the 2nd Dem to call for his resignation, after Fetterman.

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Brendan Pedersen

@BrendanPedersen

2 months

Congress loves to fixate on the Fed. But lawmakers say Jay Powell's outreach has been something else. “It’s a comfort level with the Hill that I haven’t seen,” Rep. Patrick McHenry (R-N.C.) told us. had lots of fun reporting this out with @davecclarke

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Brendan Pedersen

@BrendanPedersen

3 months

News from The Vault: Rep. Earl Blumenauer (D-Ore.) sent another letter to the Drug Enforcement Administration this week demanding “clear and proactive communication” about marijuana descheduling. Plus, Yellen duels Senate Republicans on FinCEN.

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Brendan Pedersen

@BrendanPedersen

2 years

The U.S. wing of Sam Bankman-Fried's crypto trading empire warned its users to close their positions as it might halt trading in the coming days.

FTX US Warns of Trading Halt Hours After Bankman-Fried Says It's '100% Liquid'

Sam Bankman-Fried said the FTX US entity's users would be able to withdraw all their funds.

www.coindesk.com

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Brendan Pedersen

@BrendanPedersen

2 years

We've got a statement from @PatrickMcHenry on the FTX / Binance news today: McHenry says the episode shows "the necessity of Congressional action" in digital assets and that he looks forward to learning more about "these events." (Same!) More in @PunchbowlNews PM

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Brendan Pedersen

@BrendanPedersen

1 year

uh huh

ryan cooper

@ryanlcooper

1 year

Larry Summers calls for all the depositors at Silicon Valley Bank to get bailed out 100 percent

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Brendan Pedersen

@BrendanPedersen

1 year

@PunchbowlNews @bresreports We write that it's "unusual, perhaps unprecedented, to hear a Budget Committee chair make such an argument. But Republicans have quietly downplayed the impacts of a default for years."

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Brendan Pedersen

@BrendanPedersen

2 years

First in @PunchbowlNews this morning: @SenWarren and @RepAOC sent a series of letters to financial regulators yesterday asking about their efforts to limit former officials from joining the crypto sector.

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Brendan Pedersen

@BrendanPedersen

11 months

A quick transcript of my reaction to Sen. Sherrod Brown telling me about next week's planned markup, and his reaction to my reaction

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Brendan Pedersen

@BrendanPedersen

2 months

Sen. Dick Durbin (D-Ill) welcomes the fee reductions in the Visa Mastercard settlement, but he still blasts it: "temporary concessions negotiated by a few lawyers behind closed doors." CCCA push is alive and well

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Brendan Pedersen

@BrendanPedersen

1 year

Sen. Daines, lead GOP negotiator on SAFE Banking, appears to confirm that cannabis banking reform will not be included in the omnibus

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Brendan Pedersen

@BrendanPedersen

2 months

congratulations to Sen. James Lankford (R-Okla.) for being up in the Power Matrix this week

Sen. James Lankford

@SenatorLankford

2 months

Great quail breakfast this morning!

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Brendan Pedersen

@BrendanPedersen

2 years

Some quick personal news! I am changing beats. Starting next week, I'll be @AmerBanker 's congressional reporter. I've had a blast covering the FDIC and OCC since '19, and I'm excited to try something new. As always, send tips, tricks, and pet pics to brendan.pedersen @arizent .com

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Brendan Pedersen

@BrendanPedersen

1 year

House Financial Services subcommittees have been announced, per a press release from Chair McHenry's office just now, including a new, digital asset-focused committee headed by Rep. French Hill:

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Brendan Pedersen

@BrendanPedersen

1 year

I asked Sen. Mark Warner whether the Fed should pause hikes this week with banking instability rn Warner: Personally, "I do think a pause would be appropriate in the sense that you're trying to slow down the economy a bit, and clearly, this banking issue is slowing the economy"

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