The Consumer Financial Protection Bureau, one of President-elect Donald Trump’s top expected targets as he plans to dismantle parts of the federal government after taking office in January, announced on Thursday its latest action aimed at saving households across the U.S. hundreds of dollars in fees each year.
The agency issued a final rule to close a 55-year-old loophole that has allowed big banks to collect billions of dollars in overdraft fees from consumers each year,
“He’s making it official: If you write a big enough check, his administration will let you break the rules and drive up costs for working families,” said one climate advocate.
President-elect Donald Trump on Tuesday floated a legally dubious proposal to let corporations and individuals who invest $1 billion or more in the U.S. bypass regulations, a scheme that environmental groups and government watchdogs said underscores the corrupt intentions of the incoming administration.
“Corporate polluters cannot bribe their way to endangering our communities and our clean air and water,” Mahyar Sorour of Sierra Club said in a statement. “Donald Trump’s plan to sell out to the highest bidder confirms what we’ve long known about him: He’s happy to sacrifice the wellbeing of American communities for the benefit of his Big Oil campaign donors.”
“We will keep fighting to defend our bedrock environmental protections and ensure they apply to everyone, not just those who can’t afford Trump’s bribe,” Sorour added.
In a Truth Social post on Tuesday, Trump wrote that “any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals.”
“GET READY TO ROCK!!!” said Trump, who pledged on the campaign trail to accelerate oil drilling and asked the fossil fuel industry to bankroll his bid for a second White House term in exchange for large-scale deregulation.
The Associated Press noted Tuesday that Trump’s push to let large investors evade regulations would itself likely run up against regulatory hurdles, “including a landmark law that requires federal agencies to consider the environmental impact before deciding on major projects.”
“While Trump did not specify who would be eligible for accelerated approvals, dozens of energy projects proposed nationwide, from natural gas pipelines and export terminals to solar farms and offshore wind turbines, meet the billion-dollar criteria,” AP noted. “Environmental groups slammed the proposal, calling it illegal on its face and a clear violation of the National Environmental Policy Act, a 54-year-old law that requires federal agencies to study the potential environmental impact of proposed actions and consider alternatives.”
Lena Moffitt, executive director of Evergreen Action, said Tuesday that “Trump is treating America’s energy policy like a cheap knickknack at an estate sale: brazenly offering to auction off our public lands and waters to the highest bidder.”
“Trump’s promise to fast-track environmental approvals for billion-dollar kickbacks is nothing but an illegal giveaway to fossil fuel special interests,” said Moffitt, pointing to federal law requiring “rigorous review processes to protect the public interest, not rubber stamps for corporate polluters.”
“Trump’s plan would turn a system already rigged in favor of fossil fuel interests into one openly driven by corruption, where special interests dictate policy and everyday Americans pay the price,” Moffitt added. “Now he’s making it official: If you write a big enough check, his administration will let you break the rules and drive up costs for working families.”
Axios reported that Trump’s specific focus on environmental regulations “will put the spotlight on Lee Zeldin,” the president-elect’s pick to lead the Environmental Protection Agency.
Tyson Slocum, director of the Energy Program at Public Citizen, expressed confidence that Trump’s plan “will not come to pass,” given that “presidents have no authority whatsoever to waive statutory public health and safety protections based upon a dollar value of capital investment.”
“Trump’s claim deserves ridicule for being so outlandishly illegal and wrong,” said Slocum. “However, the statement does highlight Trump’s utter disregard for protecting the environment or human health and the imminent peril that he and his cronies will push policies that jeopardize health, safety, and planetary well-being.”
Sen. Ed Markey (D-Mass.) warned in response to the president-elect’s Truth Social post that “the Donald Trump-Elon Musk government will be of the billionaire, by the billionaire, and for the billionaire—with one set of rules for the big-money oligarchs and another set for everyone else.”
“Clean air and clean water are not and will not be for sale,” the senator added.
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Southern California grocery workers rally against Albertsons-Kroger merger in 2023 Screenshot: KTLA 5/YouTube
Antitrust advocates on Tuesday welcomed a pair of court rulings against the proposed merger of grocery giants Kroger and Albertsons, which was challenged by Federal Trade Commission Chair Lina Khan and multiple state attorneys general.
“The FTC, along with our state partners, scored a major victory for the American people, successfully blocking Kroger’s acquisition of Albertsons,” said Henry Liu, director of the commission’s Bureau of Competition, in a statement. “This historic win protects millions of Americans across the country from higher prices for essential groceries—from milk, to bread, to eggs—ultimately allowing consumers to keep more money in their pockets.”
The law, said the Democrat, “cements New Jersey’s role on the forefront of preventing book bans and protecting the intellectual freedom of our educators and students.”
Democratic New Jersey Gov. Phil Murphy signs the Freedom to Read Act in Princeton on December 9, 2024. Photo: Gov. Phil Murphy/X
Democratic New Jersey Gov. Phil Murphy on Monday signed legislation protecting librarians and prohibiting public schools and libraries from banning books—a move that came as Republican state lawmakers are proscribing a record number of titles, many of them works addressing sexual orientation, gender identity, and racial injustice.
Flanked by educators, librarians, and other advocates, Murphy signed A.3446/S.2421—known as the Freedom to Read Act—in the Princeton Public Library.
Protests on October 28, 2024 against the official results of the Georgian parliamentary elections of October 26, 2024.. Photo: Jelger Groeneveld/flickr/CC
Constitutional upheavals are rare but in Georgia, they come repeatedly (1992, 2003, and as of this week, now 2024). We might even call them revolutions, not ideologically, but in the broad sense of mass mobilisation, a forced transfer of power, and the passing of sovereignty to a new group of rulers.
Over the past three decades, these types of revolutions have become endemic in the Georgian political system. Persistently, democratic breakthroughs in the country lead not to institutionalised democracy, but to corrupt and unaccountable governance.
“Nothing in Mr. Bisignano’s career suggests that he understands the unique needs of older and disabled Americans,” said the Alliance for Retired Americans’ leader.
Critics of U.S. President-elect Donald Trump’s pick to run the Social Security Administration, Frank Bisignano, warned this week that the Wall Street veteran may not be the best choice to run an agency that provides one of America’s most important social safety nets.
“President-elect Trump has nominated financial software CEO and GOP donor Frank Bisignano to head the agency that administers Social Security benefits for some 70 million Americans. If confirmed, Bisignano will be accountable—not to corporate boards or stockholders—but to the American people, who depend on their Social Security benefits and pay for them over a lifetime of work,” said Max Richtman, president and CEO of the National Committee to Preserve Social Security and Medicare, in a Thursday statement.
More than a decade after it sparked massive protests in the state capital, a Wisconsin judge on Monday struck down a controversial law that effectively ended public sector collective bargaining in the state.
In his final judgement, Dane County Circuit Judge Jacob Frost crossed out 85 sections of the 2011 law known as Act 10, which was championed by then-Republican Gov. Scott Walker. Frost’s ruling restored the union rights of teachers, sanitation workers, nurses, and other public sector employees.
A bale of crushed PET drink bottles at a recycling facility in San Jose, California Photo: Grendelkhan/Wikimedia Commons/CC
Environmental groups on Sunday decried the conclusion of a United Nations summit designed to secure an international treaty to combat plastic pollution after powerful oil- and gas-producing nations refused to agree to production limits and other more aggressive measures to curb pollution.
Failure to reach an agreement means the talks—known as the INC-5 round that took place in Busan, South Korea—will be extended to another round, but campaigners said the sabotage of a far-reaching treaty by fossil fuel interests is wasting precious time that the world’s ecosystems, wildlife, and people can no longer afford.
If Trump does dismantle the Department of Education as he has promised to do, he will have succeeded at something that President Ronald Reagan vowed to do in 1980. Just like Trump, Reagan campaigned on abolishing the department, which at the time was only a year old. Since then, the Republican Party platform has repeatedly called for eliminating the Education Department, which oversees a range of programs and initiatives. These include special funding for schools in low-income communities – known as Title I – and safeguarding the rights of students with disabilities.
“When we announced our intention to protest today, our management attempted to stop us in multiple ways. We want to say to Amazon—you could not stop us today, you cannot stop us in the future,” said one union leader.
Amazon workers in Bad Hersfeld, Germany participate in a demonstration as part of the “Make Amazon Pay” campaign. Photo: UNI Global Union/X
Amazon workers and their allies are participating in a series of global actions aimed at holding the online retailer “accountable for labor abuses, environmental degradation, and threats to democracy,” according to the labor group UNI Global Union.
Dubbed “Make Amazon Pay,” the campaign is set to last from November 29 to December 2 and will include strikes and protests across six continents, according to the group—and is timed to disrupt Black Friday (or “Make Amazon Pay Day”) and Cyber Monday, two of the busiest online shopping days of the year.
