"If we teach an entire generation of people that the first major loan they take out, they don't have to pay back, I'm worried about the long-term impact of that," the Trump aide says.
Mick Mulvaney, Office of Management and Budget (OMB) director and Consumer Financial Protection Bureau (CFPB) acting director, speaks to CNBC's Andrew Ross Sorkin about how he wants to change the CFPB and financial regulations.
Mick Mulvaney, Office of Management and Budget (OMB) director and Consumer Financial Protection Bureau (CFPB) acting director, speaks to CNBC's Andrew Ross Sorkin.
"I think Ted's got a competitive race by all indications," McConnell said, as he identified other competitive Senate races in this year's midterms. "We certainly expect to win Texas, but I think he does have a competitive race."
Some banking regulations were rolled back this year, and the Consumer Financial Protection Bureau — which was created by the 2010 measure — looks different than it did just a year ago.
Ten years after Lehman Brothers filed for bankruptcy and helped trigger a global financial crisis, Democrats appear to be more staunch defenders of government regulation.
The White House is considering a partial shutdown if spending legislation does not include funding for President Donald Trump's border wall, according to sources familiar with the matter.
Debbie Cochrane, vice president of the Institute for College Access and Success, called the news "a devastating turn of events with outstanding student debt now at $1.4 trillion and rising."
A local plant in Winnsboro, South Carolina, is going out of business, and the company is pointing blame at the Trump administration's latest wave of tariffs on imported goods from China.
Government ethics experts immediately sounded the alarm, suggesting it may have been a violation of the Hatch Act, which prohibits federal employees from engaging in political activity while on the job.
White House Chief of Staff John Kelly is expected to remain at his post for the foreseeable future, according to three Trump associates and two White House officials.
Mick Mulvaney, OMB director, discusses how his personal views and the administration's views on the economy square up.
Mick Mulvaney, OMB director, discusses second-quarter GDP growth breaking four percent and where the administration sees the economy going from here.
"The Democratic Party is not a socialist party," California Rep. Maxine Waters said in an interview with CNBC's John Harwood on Wednesday.
White House budget director Mick Mulvaney acknowledges that when it comes to some of the key policy debates, he and other fiscal conservatives are often coming up on the short end.
Mick Mulvaney, Office of Management and Budget (OMB) director, talks about the challenges of retraining the American workforce as the labor market shifts.
"Indeed, other than the President, the Director of the CFPB is the single most powerful official in the entire United States Government, at least when measured in terms of unilateral power," Kavanaugh wrote.
Until the financial watchdog can break out of Senator Warren's shadow, the Consumer Financial Protection Bureau cannot be a top-tier regulator, says its acting director.
Mick Mulvaney, the interim director of the Consumer Financial Protection Bureau, revealed that as a congressman, he would meet only with lobbyists if they contributed to his campaign, the New York Times reported.
Wells Fargo shares rise after the bank agrees to pay $1 billion to settle allegations from multiple regulators it engaged in lending abuses.