And what we need to fix the system.

The Roosevelt Rundown features our top stories of the week.
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** We Need to Invest in Childcare
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With emergency funding for childcare set to expire at the end of September, American families could soon be facing a dark reality: More than 3 million children could lose care, and millions of parents might be forced out of the labor market, as Senators Elizabeth Warren and Tina Smith write for CNN ([link removed]) .

Government should act quickly to prevent that dire possibility. And it should go further, restructuring what has always been a broken childcare system, and making supply-side investments.

“Our social policy is not designed to give people—particularly women and parents—the support they need to work jobs,” Roosevelt’s Mike Konczal wrote ([link removed]) earlier this year.

“Care is exactly the kind of thing that could get lost in a narrow focus on supply chains and materials, but it’s one of the things we know matters most for workers.”

Learn more about what government can do in “Supply-Side Childcare Investments: Policies to Develop an Equitable and Stable Childcare Industry,” ([link removed]) by Roosevelt’s Suzanne Kahn and Steph Sterling.


** Crypto’s Risks to Retirement Security
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Earlier this summer, a group of big-name institutional investors—including Charles Schwab and Fidelity Digital Assets—announced their partnership in a new crypto exchange, EDX Markets.

But while the names are bigger, the risks and volatility of crypto remain—and could endanger pension funds.

“American families rely on a limited number of financial tools to secure their retirement,” Roosevelt in Washington Fellow Jordan Miller writes.

“Those Americans who do have the security of a pension fund should not have to worry that, through no fault of their own, their money has been exposed to crypto, endangering the solvency of their entire retirement.”

Read on ([link removed]) about the risks of crypto.

Learn more about the Roosevelt Network’s Roosevelt in Washington Fellowship ([link removed]) for undergraduate students.


** What We’re Reading
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Oil-Friendly Climate Advocates Shocked to Learn Big Oil Is Bad [by Roosevelt Fellow Kate Aronoff] ([link removed]) - The New Republic

Buybacks Are Down, Production Is Up ([link removed]) - The American Prospect

Why Thousands of LA Service Workers Are on Strike ([link removed]) - Vox
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