Skip to content
Sign up to receive our free weekday morning edition, and you'll never miss a scoop.
In a memo circulated by the Senate Banking Committee Wednesday, staff listed several options for either increasing revenues or cutting spending.

GOP skeptical Banking panel can defund CFPB

Republicans on the Senate Banking Committee walked out of a reconciliation meeting led by Chair Tim Scott (R-S.C.) expressing skepticism that key provisions of the panel’s savings strategy will survive parliamentary scrutiny.

Multiple Senate Republicans on the committee told reporters they were concerned about how the “Byrd Bath” would treat an effort to completely defund the Consumer Financial Protection Bureau and other attempts at cost cutting.

“I’m not a parliamentarian," Sen. Thom Tillis (R-N.C.) said. “But I think that would probably be challenging.”

Subscripion logo

You're seeing a preview of our Premium+ Vault financial services and tax policy coverage. Read the full story by subscribing here.

Presented by AstraZeneca

The 340B program was created to help patients. Instead, it’s helping hospitals earn massive profits. The 340B Rebate Model Pilot uses rapid verification of existing data to prevent duplicate discounts, strengthening program transparency and efficiency. Urge HHS to implement the Rebate Model Pilot and ensure 340B functions as intended. Get the facts.

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Presented by AstraZeneca

The 340B program is supposed to help vulnerable patients—but without strong safeguards, it’s siphoning away funds that could be used for free and charitable medicine. The 340B Rebate Model Pilot improves program integrity, preventing duplicate discounts and strengthening accountability. Urge HHS to implement the pilot today. Learn why it matters.

Welcome to Punchbowl News AM! We're glad to have you here.

Want to get more of what you need? Share a bit more about yourself to help us tailor your reader experience.

Thank you for signing up!

Thank you for signing up!

 

We have sent you a confirmation email. Please follow the provided instructions to complete your sign-up.

Thank you for confirming! You are now subscribed to the Punchbowl News AM list.

You're subscribed! Welcome to the community.