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Elizabeth Warren Launches Counteroffensive Against Citigroup

The Democratic senator sends a fundraising request asking for help to counteract a potential boycott from banks.
Elizabeth Warren, the Obama administration adviser on the Consumer Financial Protection Bureau, smiles before testifying at a hearing of the House Committee on Oversight and Government Reform in Washington, D.C., U.S., on Thursday, July 14, 2011.

Elizabeth Warren, the Obama administration adviser on the Consumer Financial Protection Bureau, smiles before testifying at a hearing of the House Committee on Oversight and Government Reform in Washington, D.C., U.S., on Thursday, July 14, 2011.

Photographer: Joshua Roberts/Bloomberg
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Just hours after Reuters reported that Citigroup and other banks are debating whether to halt some of their own donations, Senator Elizabeth Warren is calling on her followers to make up the difference.

Citing "concerns that Senate Democrats could give Warren and lawmakers who share her views more power," Citigroup has already decided for now to withhold donations to the Democratic Senatorial Campaign Committee, sources inside the bank told Reuters. The maximum that bank could donate under campaign finance rules is $15,000 per year.