Elizabeth Warren celebrates Scott Brown's defeat

Senator Elizabeth Warren during an interview with host Seth Meyers on Nov. 11, 2014.
Senator Elizabeth Warren during an interview with host Seth Meyers on Nov. 11, 2014.

Massachusetts Demcoratic Sen. Elizabeth Warren stopped by "Late Night with Seth Meyers" Tuesday to rehash the 2014 midterm election.

There wasn't much good news for Democrats last Tuesday, Myers told Warren. But he offered one bright spot -- Scott Brown, a former Massachusetts Republican senator, was defeated in a Senate race in New Hampshire by incumbent Jeanne Shaheen.

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“Woo hoo!” Warren cried with her arms in the air, before joking, “we hear he’s going to Maine.”

Warren has been making the rounds promoting her new book, "A Fighting Chance," and stirring speculation that she might run for higher office, despite the fact that the progressive star has denied she'll campaign for the White House.

Turning back to more pressing issues, Warren said elections should be about accountability.

“We have to be real direct about who you’re fighting for,” she said. She reminded viewers that the Affordable Care Act gave millions of people health coverage they didn’t have before, and that Republicans chose to shutdown the government over it and “flushed away $23 billion dollars that could have been spent on schools or medical research and yet weren’t held accountable.”

And the American people are likely to see more of that, Warren argued. Republican Sen. Mitch McConnell, who is poised to become majority leader in the new Republican-controlled Senate, said he “wants to go to Congress and loosen the regulations over the big banks,” Warren said. “I don’t think anyone went the polls and said, I am casting my vote to make sure that Wall Street has better chances to make bigger profits off the backs of the American people.”

Warren and Myers also touched on the Consumer Financial Protection Bureau (CFPB), one of the least memorable acronyms in Washington, but an important agency.

“Four random initials! It was named by the Republicans. I’ve never said this publicly, but yes I do think they gave it a bad name. We had better names!” Warren said. “No more cheatin’ banks was what I wanted to name it.”