Sen. Warren Challenges Brookings Institute on Industry-Backed Research

Elizabeth WarrenFrom James Hohman with the Washington Post in the Daily 202 newsletter:

THE BIG IDEA:

— EXCLUSIVE: Sen. Elizabeth Warren today takes her ongoing crusade against the outsized influence of the financial services industry to one of Washington’s most respected think tanks. The Massachusetts Democrat is questioning the independence of the Brookings Institution and one of its longtime scholars over a study that criticizes a proposed regulation aimed at reining in conflicts of interest among retirement advisers.

Post reporter Tom Hamburger obtains letters that Warren sent this week to Brookings and the Labor Department. The Massachusetts Democrat blasts a report by non-resident scholar, Robert Litan, which predicted high costs for a measure backed strongly by progressives, consumer groups and President Obama. Read More