AdvertisementDirector of the Office of Management and Budget (OMB) Russell Vought listens as President Donald Trump speaks at a Rose Garden Club lunch at the White House on October 21, 2025. In recent weeks, the White House has used a new line of argument to potentially get around the court’s restraining order. The argument is that the Federal Reserve has no “combined earnings” at the moment to fund the CFPB’s operations. AdvertisementBecause of this loss on paper, the White House has argued there are no “combined earnings” for the CFPB to draw on. It has floated in conservative legal circles going back to the moment the Federal Reserve started operating at a loss.

Source: Huffington Post December 30, 2025 17:51 UTC