'Trump's Tariffs Are Breaking Our Economy': Elizabeth Warren Says POTUS Is 'Pushing Our Economy Off A Cliff'

At today's Senate Banking Committee hearing, Sen. Elizabeth Warren (D-MA) slammed President Trump and several of his nominees.

Transcript

00:00Our economy off a cliff. Over the past week, the president has told families to brace for more

00:06expensive toys for Christmas, and he continues to lie about the fact that grocery prices are going

00:11up. He's managed to shrink the economy in the first hundred days, and experts across the board

00:17are predicting a recession. Meanwhile, President Trump is getting rich off a $2 billion stablecoin

00:24deal with the United Arab Emirates involving a crypto exchange that pleaded guilty to criminal

00:32charges after allowing money to flow to terrorists and child abusers. The Trump administration

00:39is in desperate need of serious officials who will serve the American people and not serve

00:45the president's worst impulses. That is why I am so concerned about the nominees we're

00:50voting on today. Ms. Bowman wants to lead a key part of the Federal Reserve, but refused

00:56to acknowledge what families and economists know to be true. Trump's tariffs are breaking

01:01our economy. She also signaled that more Wall Street deregulation is on the way, putting small

01:07businesses and households at even greater risk. Mr. Hughes and Mr. Wall want to be confirmed

01:14to positions at HUD, but they seem unwilling to stand up against cuts that will undermine

01:20fair housing and make it harder to tackle skyrocketing housing costs. They both refused to answer whether

01:27they had signed a loyalty pledge to the president. Mr. Hurley would be responsible for implementing

01:34our economic sanctions, but he could not even bring himself to say that Russia started the

01:39war against Ukraine, and he would not commit to fully implementing the Corporate Transparency Act

01:45to prevent cartels, Iran, and China from laundering funds through shell companies in the United States.

01:53The nominees for key positions at the Commerce Department raised similar concerns. Mr. Hyde would

02:00help oversee export controls, but he refused to rule out lifting them on Russia's war machine. Mr. Fogel

02:08would be tasked with promoting U.S. business around the world, but refused to acknowledge the tremendous damage

02:15President Trump's chaotic trade policies are already causing to American families and businesses.

02:20I won't vote to confirm these administration officials when President Trump is strangling our

02:27economy to raise prices for families while he lines his own pockets. Thank you, Mr. Chairman.

02:33Thank you, Ranking Member. I will reserve the right.

02:37Dank Member

02:39Dank Member

02:52Hearing

02:55Dank Member