Reported about 12 hours ago
U.S. Treasury Secretary Scott Bessent is striving to protect the Community Development Financial Institutions Fund, which supports low-income Americans, despite President Trump's directive to reduce government spending. This fund is crucial for providing over $300 billion in mortgages and loans to underserved communities, primarily in Republican-led states. As industry officials express concerns over potential cuts, Bessent's commitment remains uncertain while he complies with an executive order aimed at minimizing government operations.
Source: YAHOO