Lifeline GOP revolts as Trump orders maximum cuts for popular lending program

Lifeline GOP revolts as Trump orders maximum cuts for popular lending program- Late Friday night, March 14, President Donald Trump issued an executive order telling federal agencies to cut the Community Development Financial Institutions Fund (CDFI Fund) “to the maximum extent.” The CDFI Fund, established via the Riegle Community Development and Regulatory Improvement Act of 1994, provides loans to small businesses in poorer areas — urban and suburban as well as rural — that are underserved by banks. According to Politico’s Katherine Hapgood, Trump’s order is drawing criticism — some of it from fellow Republicans.On X, formerly Twitter, Rep. Young Kim (R-California…

Source: alternet.org