💨 Abstract

Republicans' efforts to defund the Consumer Financial Protection Bureau (CFPB) as part of President Trump's policy bill. Ran into barriers with the Senate parliamentarian, who signaled procedural violations. The move, aimed at saving $6.4 billion, faced opposition from Democrats, who see it as a threat to consumer protection. The broader bill, which includes tax cuts and spending reductions, faces additional scrutiny to comply with the Byrd Rule, which could prevent it from passing with a simple majority.

Courtesy: WTOP Staff