June 30, 2025

Office Of Management And Budget

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Funds

Withholding agency funds at the end of the year under consideration, White House says

  • June 25, 2025

The head of the White House’s budget office confirmed the Trump administration is considering taking unilateral action to withhold funding for federal agencies at the end of the fiscal year, despite lawmakers in both parties saying the move would be unlawful.  The White House is considering employing “pocket rescissions,” Office and Management and Budget Director

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Banking

Senate Banking would zero out CFPB funding in reconciliation

  • June 9, 2025

The Senate Banking Committee would shut off the Consumer Financial Protection Bureau’s funding stream from the Federal Reserve to provide the vast majority of deficit reduction in reconciliation provisions released Friday. The panel posted an eight-page text that would restrict the CFPB from requesting a transfer from the Fed, according to a section-by-section explanation of

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