menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

Trump Freezing Federal Funds Amplifies Threat of Impoundment

2 0
yesterday

The Trump administration’s decision to temporarily pause federal grants and loans is throttling Capitol Hill, with some lawmakers describing the measure as “senseless chaos.”

BY MELISSA ANGELL, POLICY CORRESPONDENT @MELISSKAWRITES

Donald Trump. Photos: Getty Images

Welcome to this week’s Founder Focus! I’m Melissa Angell, Inc.‘s policy correspondent, and each week I’ll be dissecting some of the top policy issues small businesses face. You can sign up to get this in your inbox every week here.

Update: A D.C. federal judge on Tuesday paused Trump’s directive to temporarily freeze federal funding for at least a week after the directive faced legal challenge.

Good afternoon! Sneaking into your inbox a little earlier than usual. Thanks for having me. 

As markets tumbled and 401(k) plans took a knife to the jugular on Monday, so did government funding after, on Trump’s request, the Office of Management and Budget sneaked in a memo that temporarily pauses all federal grants and loans, except social........

© Inc.com


Get it on Google Play