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President Donald Trump on Thursday said Democrats have given him an “unprecedented opportunity” to slash federal agencies, signaling plans to harm his political opponents during the two-day-old government shutdown while blaming them for causing it. Trump’s warning came a day after his administration froze about $18 billion for two major infrastructure projects in New York … Read more
Powell was responding to a letter from Russel Vought, director of the White House’s Office of Management and Budget. Last week, Vought made public a letter he had sent to the Fed chairman which said the president is “extremely troubled by your management of the Federal Reserve System” particularly relating to the “ostentatious overhaul of [the … Read more
Office of Management and Budget director Russell Vought is now also the acting director of the Consumer Financial Protection Bureau, where he has directed staff to not issue any new rules, to suspend effective dates of all final rules and to stop any new investigations. Vought, also a Project 2025 author, was named acting director … Read more
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