Mulvaney Requests No Funding For Consumer Agency In 2q

NEW YORK (AP) — The Trump-appointed acting director of the federal government's consumer watchdog agency requested zero dollars of funding for its second-quarter budget, saying he intends to first spend down the agency's rainy day fund. In a letter to the Federal Reserve, which directly funds the Consumer Financial Protection Bureau, Mick Mulvaney said the bureau does not need any new funds to operate during its second quarter.

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