Parliamentarian knocks CFPB funding cut out of megabill

WASHINGTON — The Senate parliamentarian has decided to disallow the slash to Consumer Financial Protection Bureau funding in President Donald Trump’s so-called “big, beautiful bill” to reform government taxes and spending. 

Senate Parliamentarian Elizabeth MacDonough has advised that several provisions in Senate Banking Committee Republicans’ spending legislation would violate the Byrd rule, which bars “extraneous” items from being included in reconciliation bills. 

The parliamentarian’s decision means that Republicans would need to overcome the point of order against the bill with 60 votes to move forward with the contested provisions. The party…