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The Latest Breaking News from Russell Vought

Trump's "shock therapy" for America

If happiness is connected to larger anti-democratic trends, then America's future is dire

Salon

CFPB drops mobile-home loan lawsuit

The federal agency alleged Vanderbilt Mortgage knew borrowers couldn't repay their loans

Salon

‘Extinction level’ cuts coming to NASA, report says

NASA’s science programs budget could be slashed by 50 percent in fiscal year 2026, people familiar with the Trump administration’s budget request warn

The Independent UK

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Trump’s ‘bald power grab’ could set US on path to dictatorship, critics fear

Little-noticed order that gives US president powers far beyond mere oversight denounced as ‘breathtaking’

The Guardian - US

Elon Musk had done ‘no preparation’ for DOGE ahead of Trump’s win so adopted a ‘spaghetti against the wall’ approach

SpaceX billionaire reportedly needed civics lessons to be brought up to speed on how US government works

The Independent UK

Trump admin: CFPB won't be deleted

The agency appears to be in the process of being defanged instead of being shut down

Salon

How the Trump admin transformed the U.S. into the financial Wild West in a matter of weeks

America’s sad departure from its position as anti-corruption king will have seismic effects.

Fortune

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Trump Administration Calls For Program Mergers, 'Significant Reduction' In Federal Workforce

In a memo to agency heads, Budget Director Russell Vought and acting director of the Office of Personnel Management Charles Ezell described the federal government as "costly, inefficient, and deeply in debt."

International Business Times

Trump's Cabinet Meeting To Address Agency Loyalty And Priorities

President Trump's upcoming Cabinet meeting and key figures in his administration for the second term.

Top News

Trump signs executive order giving himself more power over independent federal agencies

Trump’s recent executive order adopts a fringe theory that conflicts with Congress’s power to fund independent federal agencies

The Independent UK

How the CFPB's Medical Debt Rule Could Backfire

Scrubbing credit reports won’t erase debt—it will just make borrowing harder for low-income Americans.

Reason

Trump's Halt On CFPB Raises Big Concerns: Will Key Consumer Protections Survive?

Founded in 2011 after the 2008 financial crisis, the CFPB is tasked with regulating consumer finance, including overseeing credit card companies, mortgage lenders, and debt collectors.

International Business Times

If your bank rips you off, the Consumer Financial Protection Bureau gets your money back. Elon Musk is killing it

The CFPB has returned more than $17 billion to Americans — and dozens of its workers were laid off on Tuesday night

The Independent UK

Trump's choice to lead CFPB, McKernan, left FDIC Monday - Roll Call

President Donald Trump chose a former FDIC board member to lead the CFPB, an indication that he may not want to dismantle the agency.

Roll Call

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The Independent UK

What does having the Consumer Financial Protection Bureau on hold mean for consumers?

The Consumer Financial Protection Bureau is the latest U.S. government agency to have its work halted by the Trump administration

Latin Times

Trump Admin Seeking Additional $175 Billion For Immigration Crackdown At The Border

Top officials are reportedly urging Republican senators to fast-track the funds

Top News

OMB Director Defends Legal Cuts, Urges Swift Border Funding

OMB Director Vought defends budget cuts and emphasizes legality. Border security funding discussions ongoing.

International Business Times

US Fed Chair Says In No Rush To Tweak Interest Rate Policy

Federal Reserve Chair Jerome Powell said Tuesday that the US central bank was in no hurry to adjust its interest rate-cut policy, as the country's economy maintains resilient growth and a relatively strong labor market.

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International Business Times

Sen. Elizabeth Warren Warns On Consumer Financial Protection Bureau Cuts: 'Let The Scams Begin'

Sen. Elizabeth Warren says there are "zero cops" overseeing the consumer lending market after the CFPB headquarters were shuttered and workers told to stay home.

International Business Times

Elon Musk, Crypto Leaders Laud 'Unplugging' Of CFPB, Critics Push Back

Elon Musk and some crypto executives celebrated the Trump government's work on shutting down the CFPB, raising questions among other crypto users and X commenters about whether they actually cared about the financial welfare of Americans.

International Business Times

Union Sues Over US Consumer Protection Agency Work Pause

The National Treasury Employees Union brought two court cases against acting CFPB director Russell Vought, accusing him of trying to shut down the agency -- which was created by Congress -- and of giving the Elon Musk-led Department of Government Efficiency (DOGE) access to employees' personal information.

The Independent UK

The bitter truth for Democrats as they try to oppose Trump

ANALYSIS: Democrats don’t have many tools to stop Trump’s agenda. But, Eric Garcia writes, the ones they have can be used powerfully

The Independent UK

These federal workers fear ‘blackmail’ in wake of DOGE access to their personal info

There are “no known security constraints and zero oversight” preventing Elon Musk’s callow crew from obtaining and disseminating highly sensitive personnel data, according to a lawsuit the employees’ union filed Sunday

International Business Times

Trump Team Orders Work Pause At US Consumer Protection Agency

US President Donald Trump's administration has informed staff at the country's consumer protection agency that it is temporarily shuttering its headquarters and pausing all work, according to an email shared Monday with AFP. The Consumer Financial Protection Bureau (CFPB) was set up in the wake of the 2008 global financial…

Salon

Vought moves to kill CFPB

In an email sent Monday, OMB Director Russ Vought told CFBP staff to stay home and stop working

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