Tuesday,
February 11, 2025
Year : 2, Issue: 24
Agencies: US Sen. Elizabeth Warren pledged Monday to fight back against President Donald Trump’s plan to shut down the Consumer Financial Protection Bureau (CFPB).
Warren, who helped create the federal agency intended to protect US consumers after the 2008 financial crisis, was joined by other Democrats, including Rep. Maxine Waters.
The rally came in response to an attempt by tech billionaire Elon Musk, who heads the Department of Government Efficiency (DOGE), and Russ Vought, the newly installed director of the Office of Management and Budget, to shut down the CFPB.
Employees were notified Sunday that the agency’s Washington, DC headquarters would be closed for the week, according to local media.
Trump and “his co-president, Elon Musk, have tried to shut down the agency that has delivered $21 billion to hardworking families. $21 billion to people who got cheated—and Trump and Musk want to just take that agency away,” Warren told the crowd.
Warren said “this is a fight between millions of hardworking people…and a handful of billionaires like Elon Musk who want the chance to cheat them.”
“For every American who doesn’t want to see Wall Street crash our economy again, this is your fight.
“And for every American who doesn’t want some weird Elon Musk suck-up searching through your personal, private data, this is your fight. Your fight, my fight, our fight—and we will win this fight!” she added.
Trump on Monday confirmed that his goal is to “totally eliminate” the agency.
“I would say yeah,” he told reporters in the Oval Office when asked if his goal was to have a “totally eliminated agency.”
“Because we’re trying to get rid of waste, fraud and abuse.”
Trump said the agency was set up to “destroy” people.
“She used that as her little personal agency to go around and destroy people,” he said, referring to Warren.
