'More to do:' Democratic Sen. Elizabeth Warren says she will seek a third term in 2024

WASHINGTON – Sen. Elizabeth Warren, D-Mass., said Monday she will seek a third term in the U.S. Senate, seeking to maintain her status as one of the Democratic Party's most progressive voices.

In a video announcing her re-election bid, Warren said she first sought the Senate in 2012 "because I saw how the system is rigged for the rich and the powerful and against everyone else."

Warren's agenda

There remains "a lot more we’ve got to do," Warren added, outlining an agenda that includes: "Pass a wealth tax. Make child care affordable. Protect our coastal communities. And build a 21st-century transportation system across all of Massachusetts."

Warren and Silicon Valley Bank

Warren also called for tighter banking regulations in the wake of the collapse of Silicon Valley Bank.

In recent weeks, Warren has attacked Federal Reserve Chair Jerome Powell and other government officials for weakening regulations ahead of the Silicon Valley Bank's problems.

Warren and SVB:Warren: Powell 'took a flamethrower' to bank regulations leading up to SVB collapse

Why does Massachusetts matter?

Warren, 73, who ran for president unsuccessfully in 2020, enters the 2024 Massachusetts Senate race as a big favorite; she won re-election to the job in 2018 with 60% of the vote.

Massachusetts, heavily Democratic, is probably a must-win state if the party is to keep control of the U.S. Senate after the 2024 elections.

This article originally appeared on USA TODAY: Sen. Elizabeth Warren will seek third term in 2024