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Economy

Mick Mulvaney seeks 20 percent funding cut for CFPB

By Joseph Lawler
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Mick Mulvaney seeks 20 percent funding cut for CFPB

Mick Mulvaney will seek a 20 percent cut in funding for the Consumer Financial Protection Bureau, the agency he leads, to bring funding back to the 2015 level.

“I’ve asked them to run through the experiment of reducing spending by 20 percent,” Mulvaney said of his staff Tuesday. “And we’re very close to finalizing that.”

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Budgets and Deficits CFPB Donald Trump Federal Reserve Finance Mick Mulvaney OMB Spending