Page 2 - Warren Act News Today

Senator Elizabeth Warren's proposed bill aims to crack down on money laundering, but some experts warn it could also lead to a ban on crypto.

This morning, a tough time for twitter employees who will find out via email if they still have a job by the end of today. owner elon musk begins making mass layoffs today. hes notifying workers by email. in response several twitter employees have filed a class-action lawsuit alleging their violation of the worker adjustment and retraining act known as the warren act. i want to bring in adrianne, a employee litigator for her perspective company. thank you. >> good morning. >> the way the warren ...

These mass layoffs, which are under way this morning at the company. and i should say, though, that the twitter employees theyre taking this in pretty good stride despite how difficult the situation is. a lot of them are posting under various hashtags, reminiscing basically on their times over at twitter. so kudos to the tweeps as they call themselves for taking this in good stride. to your point about the lawsuit, elon musk could be in some hot water for how hes executed these layoffs. there ar...

Tested with all the anxiety, the social and emotional stress associated with these schools shutting down, the last thing we should consider. so that was codified today formally through an executive order. also another set of executive orders, some may be more meaningful than others on the issues, technical issues for businesses, something call the warren act which means you just have to provide notification for mass layoffs. we reduced the restrictions related to that. interstate commerce to all...

Say that this is going to be a tumble over weeks and months in contrast to, as you just pointed out as to what he has been saying on the stump essentially, around, in different speeches is really, interesting. and what weve heard really from cabinet secretaries and from the white house briefing room, you know the reality is, that these furloughs, if they happen, would happen after 60-days notice according to federal law, called the warren act. so youre talking probably april, maybe even late apr...

Uninflicted would on the economy if it were to take place. >> there were others like howard dean suggesting the president should let the sequester happen. to slice the pentagons budget. dean telling the huffington post im in favor of the sequester. its tough on things i care about a lot but the fact of the matter is you are not going to get another chance to cut the defense budget in the way it needs to be cut. white house officials disagree. as an outgoing defense secretary leon panetta who war...

People being laid off is a big deal. its not good for the economy. you look at the cuts and what happened to the defense department alone what it would do to the economy in terms of the unemployment rate is serious. i dont think that anybody laid forth any kind of serious plan. the presidents plan doesnt talk about entitlement spending at all and continues to load everything on the defense department. looksh im all for, you know, cutting where there can be cutting. but you cant constantly go to ...

From both sides. >> bret: the letter will go out. i know we got the talking points about the different points. i was asking about the warren act and the notifications. do you think this is a potential problem? notifications didnt go out before the election. >> unfortunately, bret, unfortunately, i think that at this point there is much greater concern. they were saying of course well work something out. you now have the republicans suggesting that the people control the leadership that they plan...

President -- >> not true. >> he said he would cut the deficit in half and we had four years of -- >> it is not true. you know. you are in the united states senate. $10 trillion is what he inherited and you should know that the deficit is now around $15 trillion or $16 trillion. it is not true. you said it and you are repeating governor romney. >> he has added more debt than any other president. >> that is not true, senator. that is not true. that is not true. president bush left him with a $10 t...

President -- >> not true. >> he said he would cut the deficit in half and we had four years of -- >> it is not true. you know. you are in the united states senate. $10 trillion is what he inherited and you should know that the deficit is now around $15 trillion or $16 trillion. it is not true. you said it and you are repeating governor romney. >> he has added more debt than any other president. >> that is not true, senator. that is not true. that is not true. president bush left him with a $10 t...