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Elizabeth Warren speaks at Massachusetts' Democratic Party convention. Photo: Preston Ehrler/SOPA Images/LightRocket/Getty Images

2020 Democratic contender Sen. Elizabeth Warren released Monday a massive new plan to prevent corruption in Washington, D.C., as a part of her promise to institute what she calls "the most sweeping set of anti-corruption reforms since Watergate" if elected.

Why it matters: If enacted, the wide-ranging proposal would dramatically restructure the federal government by limiting lobbyists' influence on Congress, expanding protections for workers and requiring federal judges to publicly post their financial reports and speeches.

Details: To prevent conflicts of interest in the executive branch, her plan would force presidents and vice presidents to place their businesses into a blind trust to be sold off and senior government officials to divest from privately owned assets.

  • It would also restrict the crossover between lobbying and government by preventing former elected officials and senior government appointees from becoming lobbyists and vice versa.
  • It would apply the Code of Conduct for United States Judges, which governs the behavior of most federal judges, to Supreme Court justices. Federal judges would also have to post their financial reports, recusal decisions and private speeches.
  • It would prevent companies from putting arbitration clauses in employee contracts for employment, which forces individuals to agree to never file a lawsuit in federal court against the company.
  • Worth noting: These are only some of the top-line proposals from Warren's lengthy plan.

What they're saying: Warren said the plan's goal is "to take power away from the wealthy and the well-connected in Washington and put it back where it belongs — in the hands of the people."

Between the lines: Warren believes the rest of her far-reaching legislative goals like the Green New Deal and Medicare for All hinge on her anti-corruption plan.

Yes, but: "There are some unresolved questions on the legality of Warren’s plan to ban all fundraising activities for lobbyists given recent Supreme Court rulings on campaign finance and free speech," per Politico.

What's next: Warren will give a speech in New York City's Washington Square Park at 7pm ET to discuss the plan — near the site of 1911's Triangle Shirtwaist Factory fire.

Go deeper:

Go deeper

Read: Former Vice President Walter Mondale's last message

Photo courtesy of Mondale.

Former Vice President Walter Mondale wrote a farewell letter to his staff, sent upon his death on Monday, thanking them for years working together.

Dear Team,

Well my time has come. I am eager to rejoin Joan and Eleanor. Before I Go I wanted to let you know how much you mean to me. Never has a public servant had a better group of people working at their side!

Together we have accomplished so much and I know you will keep up the good fight.

Joe in the White House certainly helps.

I always knew it would be okay if I arrived some place and was greeted by one of you!

My best to all of you!

Fritz

Former Vice President Walter Mondale dies at 93

Walter Mondale, left, with former President Jimmy Carter in Jan. 2018 at the McNamara Alumni Center on the University of Minnesota's campus in Minneapolis. Photo: Anthony Souffle/Star Tribune via Getty Images

Walter Mondale, who transformed the role of U.S. vice president while serving under Jimmy Carter and was the Democratic nominee for president in 1984, died Monday at 93, according to a family spokesperson.

The big picture: President Biden, who was mentored by Mondale through the years, said in 2015 that the former vice president gave him a "roadmap" to successfully take on the job.

Scoop: U.S. ambassador refuses Kremlin push to leave Russia

U.S. Ambassador to Russia John Sullivan. Photo: Anton Novoderezhkin/TASS via Getty Images

The United States ambassador to Russia is refusing to leave the country after the Kremlin "advised" him to return home following new Biden administration sanctions, two sources briefed on the situation tell Axios.

Why it matters: John Sullivan, a respected diplomat who President Biden has, so far, retained from the Trump era, is at the center of one of the most important early tests of Biden's resolve.

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