Recently installed Consumer Financial Protection Bureau acting Director Mick Mulvaney is hitting up the Federal Reserve with a budget request you don't see every day: nothing.
That's nothing as in zero, as in Mulvaney expects the bureau will not need any additional funding to operate during the current time period. The central bank is in charge of the CFPB's allotment.
"This letter is to inform you that for Second Quarter of Fiscal 2018, the Bureau is requesting $0," Mulvaney wrote to Fed Chair Janet Yellen. The zero was typed in boldface.
As it turns out, the bureau, which has been criticized by President Donald Trump and his administration as ineffective and an over-regulation burden on the banking system, apparently has enough money in its coffers to operate without any additional funds.