Senate Rules Block Cuts to CFPB Funds and Fed Staff Salaries in Trump Tax Bill

Reported about 13 hours ago

The Senate parliamentarian has ruled that Republicans cannot use President Trump's tax bill to eliminate funding for the Consumer Financial Protection Bureau (CFPB) or to reduce Federal Reserve employee salaries. This decision comes as the GOP prepares to move forward with their $3 trillion tax and spending cut initiative. Democrats, led by Senator Elizabeth Warren, argue that these proposed cuts would harm consumers and destabilize the financial system.

Source: YAHOO

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