Elizabeth Warren

How private equity could disrupt the 2020 election

Illustration of Congressional dome lifting to show a platter of money
Illustration: Sarah Grillo/Axios

All eyes today are on the House of Representatives, which this morning hosts a hearing that could significantly impact the 2020 presidential election.

Driving the news: No, not impeachment. I'm talking about the House Financial Services hearing on private equity, an industry that yesterday received two fresh lashings from Sen. Elizabeth Warren.

How private equity is fueled by public pension plans

Illustration
Illustration: Lazaro Gamio/Axios

Private equity's loudest political antagonists were back at it over the weekend, wrongly arguing that Taylor Swift's contract dispute is illustrative of the industry's rapaciousness.

What happened: While Sen. Elizabeth Warren and Rep. Alexandia Ocasio-Cortez each tweeted that private equity must be "reined in," they'll need to publicly wrestle at some point with how private equity is fueled by public pension systems that they otherwise support.