Cuts to Fed Salaries, CFPB Funds Blocked From Trump Tax Bill (1)

The Senate rules-keeper has decided that Republicans can’t use President Donald Trump’s multi-trillion dollar tax bill to strip all funding from the Consumer Financial Protection Bureau and to cut salaries for many Federal Reserve employees.

The parliamentarian ruled that the GOP-backed policy provisions are outside the scope of the fast-track budget process Republicans are using to push Trump’s legislative agenda through without any Democratic backing.

More decisions from the Senate rules-keeper are expected in the coming days.

Senate Banking Chairman Tim Scott said Republicans “remain committed to cutting wasteful spending at the CFPB and will continue working with the ...