Trump Appointees Are Something: New Director of OMB Shaking Things Up

5:00 PM · February 09, 2025

Excerpt Russ Vought x.com

🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 pic.twitter.com/vyTnCWN4oJ
— StewMama- Radically Moderate (@StewMama71) February 9, 2025

...The Bureau's current balance of $711.6 million is in fact excessive in the current fiscal environment. This spigot, long contributing to CFPB's unaccountability, is now being turned off.

Continue Reading at Russ Vought

Author Commentary

Beege Welborn Feb 9, 2025 5:00 PM ET

A note on why this is a cagey move.

Vought’s move here is brilliant. Because the bureau was established by law, the Trump administration cannot eliminate it. This isn’t USAID, set up through executive order.

But it can definitely be defunded and de-activated because of the very mechanism set-up by Elizabeth… https://t.co/GxJgVidY3i
— John Carney (@carney) February 9, 2025

...But it can definitely be defunded and de-activated because of the very mechanism set-up by Elizabeth Warren: there’s no Congressional funding mandate, so there’s no impoundment problem.