Congress

‘Delete CFPB’: Musk calls for elimination of consumer bureau

Published

2 years ago

November 27, 2024

Elon Musk said Wednesday that the Consumer Financial Protection Bureau should be abolished, calling for the elimination of an agency that would potentially regulate the future payments business of the Musk-owned X platform.

“Delete CFPB,” Musk, who is leading an effort on behalf of President-elect Donald Trump to shrink the size of the federal government, wrote in a post on X. “There are too many duplicative regulatory agencies.”

Trump on the campaign trail called for easing regulation of the financial industry generally but didn’t explicitly call for the elimination of the CFPB, which Republicans have railed against for years. The Heritage Foundation’s Project 2025 blueprint, which Trump sought to distance himself from during the campaign, recommended the agency be shut down.

Trump is widely expected to rein in the Biden-era CFPB’s regulatory agenda and ease enforcement against companies, as he did during his first term in office. But eliminating the agency entirely, as Musk appears to be proposing, would require an act of Congress.

Republicans and the financial industry have long targeted the CFPB for what they consider its overly aggressive regulation, though efforts to take down the agency in Congress and in the courts have largely been unsuccessful. GOP lawmakers, even under Republican control, have lacked the votes to eliminate or defund the CFPB. And more recently the Supreme Court earlier this year upheld the agency’s funding structure as constitutional.

Musk’s statement comes less than a week after the CFPB finalized a regulation that would expand its oversight of big tech companies that offer payment and digital wallet apps. That would potentially include X, which has explored ways to enter the payments business.

Musk said when he purchased X, previously known as Twitter, that he wanted to transform the site into an “everything app” that included the ability of users to store money and send payments. Since then, X Payments has obtained licenses to transmit payments from dozens of state regulators.

The CFPB declined to comment. X did not immediately respond to a request for comment.

Robert Weissman, the co-president of Public Citizen, a progressive watchdog group, criticized Musk’s call to eliminate the CFPB as “intolerable corruption.”

“Asking the world’s richest person, with a direct interest in a wide range of business lines, to run a project to review the federal government’s overall operations is absurd and fundamentally corrupt — and this issue highlights exactly why,” Weissman said in a statement.

Musk’s post came in response to a video clip of the prominent investor Marc Andreessen telling podcaster Joe Rogan that he believes that the CFPB was “terrorizing” tech firms and start-ups that want to compete with big banks.

Andreessen’s venture capital firm, Andreessen Horowitz, or a16z, invested in a company, LendUp Loans that was shut down by the CFPB over allegations of illegal marketing and fair lending violations. At the time, the CFPB noted that the company, which pitched itself as a payday lender alternative, had been backed by Andreessen’s firm, among other prominent venture capitalists.

The Washington Post reported earlier this week that Andreessen is among the Silicon Valley moguls who have been involved in the planning for the Department of Government Efficiency, the Trump advisory panel helmed by Musk and Vivek Ramaswamy.

Congress

Fetterman says Democrats were ‘horribly wrong’ to try eliminating Senate filibuster

Published

40 minutes ago

July 27, 2026

Blue Light Newsroom

Sen. John Fetterman (D-Pa.) is backpedaling on his previous calls to eliminate the filibuster in the Senate — which is a critical bulwark against “a fill-in-the-blank government with new laws, deregulation or procedures of its choosing,” he wrote in a Washington Post op-ed published Monday.

“A Senate without the filibuster [would become] a Senate that ignored the voices of the minority and everyday people,” he wrote, elaborating on previous comments. Last month, he told Katie Miller that Democrats were “so wrong” about opposing the filibuster.

“We cannot become a smaller version of the House of Representatives,” he wrote in his op-ed.

In 2022, Fetterman campaigned to abolish the filibuster, a 60-vote rule that effectively requires a supermajority to pass most legislation. His argument on the trail — which remains on his campaign website as of Monday afternoon — was that the rule stood “in the way of getting things done for Pennsylvanians.”

At that time, many Senate Democrats and activists argued the same publicly, as the party attempted to pass a sweeping overhaul of elections that Democrats said would better protect voting rights. But two then-Democratic senators, Joe Manchin (W.Va.) and Kyrsten Sinema (Ariz.) — protested against throwing out the rule, saying it would hurt the party’s priorities in the long run.

Ultimately the filibuster survived and Democrats did not pass their voting rights bill, with much of the party base heaping scorn on Manchin and Sinema.

Now, with Republicans holding a government trifecta, the power dynamic has flipped.

President Donald Trump is now urging Republican senators to kill the filibuster, which has stalled passage of the SAVE America Act. He turned the screws on Majority Leader John Thune on Monday, demanding that Thune keep the Senate in session until the GOP-backed elections bill passes.

“John Thune should not allow the United States Senate to ‘leave town’ until it passes The Save America Act or, far better still, TERMINATES THE FILIBUSTER, where Republicans can then quickly pass everything they ever dreamed of,” Trump wrote in a Truth Social post.

The filibuster has been a block against GOP-championed causes, Fetterman argued: “We could have extreme policies such as nationwide abortion restrictions, backpedaling on LGBT rights, repeal of birthright citizenship and limited voting rights across the country. … Republicans could fundamentally change the entire government and country with a simple majority vote.”

With the midterms approaching, Democrats face a tight battle to win back the Senate. The next time they have a trifecta, the filibuster will — once again — be a thorn in the party’s side, complicating the passage of key priorities.

Democrats “will once again have to find common ground with our Republican colleagues,” Fetterman said. “We will need to abandon our worst impulses as a party and work together to find solutions to the problems Americans face.”

Congress

McConnell to remain in rehab, will skip Fancy Farm picnic in Kentucky

Published

1 hour ago

July 27, 2026

Blue Light Newsroom

Sen. Mitch McConnell (R-Ky.) announced Monday that he will remain in rehab as he continues to recover from a June fall that left him briefly unconscious.

In a statement, McConnell shared that he is “working hard” to return to a full schedule but remains in “intense physical therapy.”

The Office of the Attending Physician (OAP) confirmed that medical staff visit the senator daily to discuss “all aspects of his rehabilitation care” but added he is “not yet medically cleared to leave the rehab facility and return to office.”

“Since his discharge from hospital care, he has maintained a strenuous course of physical therapy and rehabilitation, including multiple sessions a day designed to rebuild strength and reduce the risk of future falls,” the OAP said. “His bout with childhood polio continues to be a significant factor in his mobility.”

McConnell, 84, was rushed to the hospital on June 14 following the fall and what he described as a “mild case of pneumonia.” In a letter to constituents earlier this month, he said that while he was briefly knocked unconscious, he did not suffer any broken bones, a stroke or a heart attack. It is unclear when McConnell was discharged.

But his continued rehab stay means McConnell will miss Kentucky’s premier political event: the annual Fancy Farm Picnic.

“There’s no place I’d rather be on the first Saturday in August than with the good people of western Kentucky, feasting on pork and mutton,” McConnell said Monday. “I hate that I’ll miss the fun this year, but I’m sending my best wishes to the St. Jerome community for a successful picnic.”

McConnell, who is retiring when his current term concludes in January, has faced a series of health challenges in recent years. In 2023, he froze twice while speaking to reporters. He has also experienced several other falls and, at one point, used a wheelchair as what his office called a precautionary measure.

Congress

Trump tells Thune to keep Senate in session to pass SAVE America Act

Published

4 hours ago

July 27, 2026

Blue Light Newsroom

President Donald Trump ramped up pressure Monday on Majority Leader John Thune, telling him to keep the Senate in session until a GOP election bill passes.

Democrats, he added, will nix the filibuster themselves when they regain power “and can’t believe how lucky they got with this Senate leadership. Remember, stupidity always brings LOSING & DEATH!”

Trump’s Truth Social post comes after he urged supporters last week to call Thune about the SAVE America Act, then said Friday that he wanted Senate Republicans to adopt a blueprint for a $95 billion party-line spending bill, which would include some election-related funding, before they leave town for the August recess as planned on Aug. 6.

Sens. Mike Lee (R-Utah) and Rick Scott (R-Fla.) said over the weekend that they believed the Senate should stay in town until the election bill is passed. Lee has previously called for the Senate to stay in session through prior recesses to pass the SAVE America Act but has not forced the issue on the floor.

Despite Trump’s pressure campaign, the elections bill doesn’t have the votes to pass the Senate and there isn’t enough support within the Senate Republican conference for nixing the filibuster, which requires 60 votes for most legislation to advance.