Trump aides mull abolishing FDIC as part of deregulation spree
Advisors to President-elect Donald Trump have publicly raised the possibility that the incoming administration will dissolve the Federal Deposit Insurance Corporation, amid signs that dramatic deregulation of the financial system is on the horizon, according to a report. are. Trump's transition team is busy considering ways to consolidate, shrink or even eliminate banking regulators in […]
Elon Musk calls for abolishing consumer finance watchdog CFPB
Billionaire Elon Musk, ordered by President-elect Donald Trump to cut government spending, called on Wednesday to abolish the federal regulator tasked with protecting consumers in the financial sector. The comments to the Consumer Financial Protection Bureau (CFPB) follow Musk's recent appointment to a government efficiency role, where he donated millions of dollars to help elect […]
Biden, Harris Propose Abolishing Supreme Court as Independent Branch
WASHINGTON, DC — Vice President Kamala Harris on Monday echoed President Joe Biden’s call to fundamentally abolish the Supreme Court’s independence and destroy its status as an independent branch of government protected from political pressure. That specific feature is patently unconstitutional and can only be achieved by changing the Constitution itself. And conservative leaders are […]