Aug 27 Nation’s top student loan official resigns By Ken Sweet, Associated Press The government's top official overseeing the $1.5 trillion student loan market resigned in protest today, citing what he says is the White House's open hostility toward protecting the nation's millions of student loan borrowers. Continue reading
Jul 19 Trump’s pick to run consumer watchdog faces skeptical Senate By Ken Sweet, Associated Press Kathy Kraninger, 43, was a relatively unknown mid-level bureaucrat working inside the Office of Management and Budget before being nominated by President Trump last month to lead the Consumer Financial Protection Bureau. Continue reading
Jun 22 White House proposes a reduction of the FDA’s mission By Ike Swetlitz, STAT The idea of changing a key mission of the FDA comes amid a turf war between the FDA and the USDA over the regulation of genetically engineered animals. Continue reading
Jun 21 Trump administration proposes merging Education and Labor departments By Associated Press The plan calls for merging the education and labor departments and moving the federal food stamp program to the Department of Health and Human Services and renaming that agency. Many of the changes would require approval from Congress. Continue reading
May 03 Pressed by conservatives, White House eyes spending cut plan By Andrew Taylor, Associated Press Now, the White House is finalizing a package of modest cuts — $10 billion-plus — in response. Continue reading
Apr 12 Watch 7:13 Elizabeth Warren and Mick Mulvaney face off over consumer protection bureau President Trump and Acting Director Mick Mulvaney have charted a dramatically different course for the Consumer Financial Protection Bureau, the brainchild of Sen. Elizabeth Warren that was created in 2010 to curb predatory practices and lending problems. Today those two… Continue watching
Feb 12 Watch 6:51 How the consumer protection agency is being curtailed by the Trump administration By PBS News Hour The Trump administration has made it clear that it plans to roll back the once-tough approach of the Consumer Financial Protection Bureau, which was born out the 2008 financial crisis, and intended to be a federal watchdog cracking down on… Continue watching
Feb 12 Trump’s proposed $4 trillion budget would sharply raise the deficit By Andrew Taylor, Associated Press President Donald Trump is proposing a $4 trillion-plus budget for next year that projects a $1 trillion or so federal deficit. And it never comes close to promising a balanced federal ledger even after 10 years. Continue reading
Jan 19 WATCH: White House budget director says chances of shutdown are ‘between 50 and 60 percent’ By Associated Press Mulvaney said he was "handicapping" the prospect of a shutdown between 50 and 60 percent. But, he added, "we're planning for it as though it's 100 percent."… Continue reading
Nov 28 Judge rules in favor of Trump, says Mulvaney is head of Consumer Financial Protection Bureau By Associated Press The leadership of the bureau had been thrown into chaos over the weekend after its permanent director, Richard Cordray, resigned and appointed English as his successor. Both Mulvaney and English claimed to be the rightful acting director. Continue reading