A federal judge on Friday handed the Trump administration a win by declining to temporarily block its bid to strip the Consumer Financial Protection Bureau (CFPB) of its reserve funds, after Baltimore sued over an apparent effort to defund the agency.

U.S. District Judge Matthew Maddox declined to grant Baltimore's request for a temporary injunction, finding the challengers failed to prove the administration took a "final agency action" to defund the consumer watchdog.

Such a finding is mandatory for relief in claims brought under the Administrative Procedure Act (APA).

The decision notches a victory for Trump, whose efforts to cut spending across the government in alignment with his........

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