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Elizabeth Warren: Bust banks that launder drug money

Warren: Bust money laundering banksElizabeth Warren on Thursday demanded answers from top banking regulators over the possibility of shuttering financial firms that flout federal anti-money laundering laws or violate international trade sanctions.

Referencing the penalties leveled against HSBC after the company was caught being used to funnel billions in drug money, the Massachusetts Democrat questioned regulators over why they did not consider forcing the British bank to shut its doors on U.S. soil.

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Congress sends Violence Against Women Act to Obama

US COngressPresident Obama said Thursday he will sign the sweeping expansion of the Violence Against Women Act, following a House vote to renew the law and bring gays, lesbians and transgender people, Native Americans and immigrants under its protections.

The House vote was 286-138, with 87 Republicans joining 199 Democrats to pass the bill. The measure now heads to Obama's desk.

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Milwaukee Police Chief Edward Flynn Schools Sen. Lindsay Graham on Gun Control Background Checks

Milwaukee Police ChiefMilwaukee Police Chief Edward Flynn called out Sen. Lindsey Graham (R-SC), who repeated National Rifle Association talking points against background checks for all gun purchases (video below).

According to RawStory.com, during a Senate Judiciary Committee hearing about Sen. Dianne Feinstein’s (D-CA) proposed assault weapons ban on Wednesday, Chief Flynn debunked Sen. Graham’s claims that gun background checks were just a "paper chase."

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Senate Republicans block Hagel nomination for Defense secretary

Chuck HagelSenate Republicans in a 58-40 vote Thursday blocked former Sen. Chuck Hagel’s (R-Neb.) nomination as Defense secretary from proceeding to a final up-or-down vote.

Four Republicans — Sens. Susan Collins (Maine), Thad Cochran (Miss.), Lisa Murkowski (Alaska) and Mike Johanns (Neb.)—  joined 55 Democrats and Independents in supporting the nomination. Sixty votes were needed to cut off debate, leaving Democrats one vote short.  The final 58-40 tally reflected a no vote from Senate Majority Leader Harry Reid (D-Nev.), who switched his vote from yes to preserve his ability to bring up the nomination again.

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Obama orders Justice Department to send lawmakers classified rationale for drones

DOJPresident Barack Obama has directed the Justice Department to give Congress' intelligence committees access to classified legal advice providing the government's rationale for drone strikes against American citizens working with al-Qaida abroad, a senior administration official said Wednesday.

A drumbeat of demands to see the document has swelled on Capitol Hill in recent days as the Senate Intelligence Committee prepares to hold a confirmation hearing for John Brennan, who helped manage the drone program, to be CIA director.

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43 Senate Republicans renew blockade of Obama's Consumer Bureau pick

Senate obstructionistsSenate Republicans are renewing their vow to block any nominee to head the Consumer Financial Protection Bureau (CFPB) unless major changes are made to its structure.

In a letter sent to President Obama on Friday, 43 Republican senators committed to refusing approval of any nominee to head the consumer watchdog until the bureau underwent significant reform. Lawmakers signing on to the letter included Senate Minority Leader Mitch McConnell (R-Ky.) and Sen. Mike Crapo (R-Idaho), the ranking member of the Senate Banking Committee.

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Majority Says the Federal Government Threatens Their Personal Rights

CongressAs Barack Obama begins his second term in office, trust in the federal government remains mired near a historic low, while frustration with government remains high. And for the first time, a majority of the public says that the federal government threatens their personal rights and freedoms.

The latest national survey by the Pew Research Center for the People & the Press, conducted Jan. 9-13 among 1,502 adults, finds that 53% think that the federal government threatens their own personal rights and freedoms while 43% disagree.

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