Elizabeth Warren Denounces Looming 'Citigroup Shutdown'

Sen. Elizabeth Warren (D-Mass.) has a new name for the government shutdown that would result if Congress doesn't pass a spending bill before midnight Thursday: The Citigroup shutdown.

Warren has been one of the loudest voices for blocking a spending agreement reached by Democrats and Republicans because it would benefit big banks and deal a significant blow to Wall Street reform legislation.

During an interview on the "Rachel Maddow Show," on Wednesday, Warren noted that a provision in the bill that would put taxpayers on the hook for risky bets by banks, was "literally" written by Citigroup lobbyists.

On Thursday, House Minority Leader Nancy Pelosi (D-Calif.) said that Republicans did not have enough votes to pass a spending bill and urged Democrats to stick together and use leverage to remove the pro-Wall Street provision from the bill as well as a measure that would weaken campaign finance rules.

The Progressive Change Campaign Committee, a pro-Warren group, said in a statement on Thursday that it had made over 1,000 calls urging members of Congress to vote against the bill.



Elizabeth Warren