Your Pulse On America: Live And Unfiltered
A contest of sorts has played out across Europe, the United States and the Middle East in recent days as President Trump’s two older sons have pursued a blitz of family moneymaking ventures capitalizing on their father’s name and power, each seemingly trying to outdo the other. It is a rush to cash in that…
Two weeks ago, a three-judge panel from the federal appeals court in Washington lifted a freeze on firing employees at the Consumer Financial Protection Bureau, with some conditions. The judges, ruling on a Friday night, said that workers could be fired if agency leaders determined, after a careful assessment, that they were not needed to…
A federal appeals panel on Friday halted parts of a district court judge’s injunction blocking the Trump administration’s effort to dismantle the Consumer Financial Protection Bureau, allowing officials to move ahead with firing some agency employees. Russell T. Vought, the White House budget office director, was named the consumer bureau’s acting director in February and…
The Trump administration is rapidly delivering wins to American companies by rolling back regulations, pausing investigations and retreating from lawsuits accusing employers of discrimination. A combination of firings, stop-work orders and litigation pauses has hobbled regulators like the Consumer Financial Protection Bureau, the Equal Employment Opportunity Commission, the National Labor Relations Board, and the Securities…
Elon Musk, the world’s richest man, is widely known for amassing his fortune through Tesla, his electric car company, and SpaceX, the rocket ship company he founded. But he started his career trying to disrupt consumer finance as a co-founder of a digital financial services company that later became PayPal. Now, he’s working to transform…
We’ve got some more thoughts on Elon Musk’s $97 billion hostile bid for Sam Altman’s OpenAI, which, we’re told, still hasn’t been delivered to anyone at OpenAI. Assuming an offer does show up, from a legal standpoint it’s actually dead on arrival. That’s because the board of OpenAI has no legal fiduciary duty to maximize…
President Trump has been in office less than a month, and Elon Musk’s vast business empire is already benefiting — or is now in a decidedly better position to benefit. Mr. Trump and Mr. Musk, the world’s richest man who has been given enormous power by the president, have been dismantling federal agencies across the…
Barely two days after Russell Vought, the new acting director of the Consumer Financial Protection Bureau, ordered the agency to close its office and halt all its work, employees spent Monday in a state of deep confusion about what they should — or should not — be doing. Mr. Vought, the recently confirmed director of…
The day before Linda Wetzel closed on her retirement home in Southport, N.C., in 2012 — a cozy place where she could open the windows at night and catch an ocean breeze — the bank making the loan surprised her with a fee she hadn’t expected. Ms. Wetzel scoured her mortgage paperwork and couldn’t find…
Employees of the Consumer Financial Protection Bureau were instructed to cease “all supervision and examination activity” and “all stakeholder engagement,” effectively stopping the agency’s operations, in an email from the director of the Office of Management and Budget, Russell Vought, on Saturday evening. Mr. Vought, who was confirmed this week to lead the Office of…