Judge halts White House's CFPB defunding, employees to be paid

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Source: ABC News
Judge halts White House's CFPB defunding, employees to be paid
Photo: ABC News
TL;DR Summary

A federal judge blocked the White House's attempt to stop funding the Consumer Financial Protection Bureau, ensuring its employees continue to be paid, despite legal arguments that the Fed's current losses mean the bureau has no funds. The case centers on whether the White House can effectively shut down the CFPB by halting its funding, with the judge ruling that the agency must continue to receive funds from the Federal Reserve.

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