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‘This Is Code Red!’ Elizabeth Warren Goes Off About Elon Musk ‘Trying to Gut’ Government Agency

  • U.S. Senator Elizabeth Warren criticized the Office of Management and Budget's decision to freeze the Consumer Financial Protection Bureau , calling it a "code red" for American consumers.
  • CFPB's Chief Operating Officer Adam Martinez informed staff that the agency would be shut down for the week following a directive from OMB Director Russell Vought.
  • Warren stated that the actions against the CFPB are a direct attack on working families and a benefit to big banks, highlighting that the agency has returned over $21 billion to consumers.
  • Elon Musk expressed support for the shutdown by posting "CFPB RIP" on social media, while Warren vowed that Democratic lawmakers would continue to fight for the agency.
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Mediaite broke the news in United States on Monday, February 10, 2025.
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