Mulvaney Makes Quarterly CFPB Budget Request from Fed; Asks for $0

This morning CFPB Acting Director Mick Mulvaney submitted what is a routine quarterly budget request to the Chair of the Board of Governors of the Federal Reserve. The amount of the request, however, was not routine. He requested $0.

You can read the letter here in its entirety.

Mulvaney says the reason for the (lack of) request is because he is told projected expenses for the upcoming quarter are $145 million, and that the Bureau currently has $177.1 million in the bank. He proceeds to note, 

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