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