Episode notes
Senate Majority Leader John Thune (R-S.D.) has "indicated he does not plan to" override the parliamentarian’s ruling. Senate Parliamentarian Elizabeth MacDonough has ruled against several "key pieces of the massive bill to implement President Trump’s agenda" because they violate the Byrd Rule. This rule prevents "extraneous" provisions from being included in budget reconciliation bills
A provision to cap CFPB funding, cutting "$6.4 billion from the agency by reducing its maximum funding to zero percent of the Federal Reserve’s operating expenses," was disallowed
Cuts of "$1.4 billion in costs by reducing the pay of Federal Reserve staff" and "$293 million by reducing the Office of Financial Research funding" were rejected.
A provision "eliminating the Public Company Accounting Oversight Board," worth "$771 million," was also str ...
Keywords
congresseconomicspolitics