STATE OF PLAY
In just days, Trump’s administration has launched an unprecedented and illegal power grab, gutting essential protections, handing control of federal financial systems to a billionaire, and openly defying the courts. This is not just corruption—it’s a coup in progress.
- The Office of Management and Budget (OMB) attempted economic terrorism. A memo cut all federal funding for child nutrition, healthcare for tens of millions, domestic violence shelters, and veterans’ programs. The backlash was immediate. A federal judge issued an injunction. Trump was forced to retreat—for now.
- Elon Musk and his muskrats were secretly given access to the U.S. Treasury Payments system. Musk demanded access to a system that moves trillions of dollars, and Treasury Secretary Scott Bessent gave it to him. Will he block payments to safety-net programs? Funnel confidential financial data to his private companies? We don’t know—because there is zero oversight. Reminder: Nobody elected Elon Musk. But now, he has his hands on the government’s financial infrastructure.
- Trump’s team just gutted the Consumer Financial Protection Bureau (CFPB). Acting Director Russell Vought ordered all investigations and enforcement actions to stop. Banks, payday lenders, and credit card companies can now scam Americans with zero consequences. There is no longer a functioning agency to hold Wall Street accountable. The people who regulate the $16 trillion consumer debt market have been fired or reassigned.
- JD Vance openly declared that the courts are illegitimate if they try to stop Trump. After a federal judge blocked Trump’s economic sabotage, Vance tweeted that judges have no right to constrain the president’s power. This is full-blown authoritarian rhetoric. The plan is clear: ignore the courts, ignore Congress, and govern by decree.
What we need right now is an unprecedented show of constituent power to hold Republicans accountable for their complicity in the Trump-Musk coup and demand that Democrats in Congress use every ounce of leverage and power they have to fight back.