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Friday, June 20, 2025

Cuts to Fed Salaries, CFPB Funds Blocked From Trump Tax Bill

 


The Senate rules-keeper has decided that Republicans can’t use President Donald Trump’s multi-trillion dollar tax bill to strip all funding from the Consumer Financial Protection Bureau and to cut salaries for many Federal Reserve employees.

The parliamentarian ruled that the GOP-backed policy provisions are outside the scope of the fast-track budget process Republicans are using to push Trump’s legislative agenda through without any Democratic backing.

https://www.bloomberg.com/news/articles/2025-06-20/cuts-to-fed-staff-pay-cfpb-funds-blocked-from-trump-tax-bill

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