Last week, we asked the Department of Labor to investigate whether Wells Fargo violated the Fair Labor Standards Act for failing to pay low-level employees overtime when they worked nights and weekends to meet the company’s sales quotas. I’m glad that DOL announced today that it is initiating a prompt and thorough agency-wide review of all cases, complaints, and violations implicating Wells Fargo over the past several years to determine whether the agency should bring additional claims against the bank. Every other federal agency with jurisdiction in this matter should follow DOL’s lead and promptly determine whether Wells Fargo and its senior executives should be prosecuted or otherwise sanctioned.
The Associated Press is misleading the American people by hyping a Social Security "crisis." There is no crisis, only a modest shortfall 20 years from now, caused by rising inequality – and if we require the wealthiest Americans to contribute their fair share, we can easily afford to both close the shortfall and expand benefits.