White House withholding $289 million of small business loans
The Trump administration is withholding $289 million appropriated by Congress for loans to small businesses. The elimination came through an executive order last year, with President Trump saying the program was "woke" and promoted "gender extremism" and "climate radicalism." NBC News senior financial reporter Gretchen Morgenson details the reasons for the pause and how damaging the move could be for Main Street.
The Trump administration is withholding $289 million appropriated by Congress for loans to small businesses. The elimination came through an executive order last year, with President Trump saying the program was "woke" and promoted "gender extremism" and "climate radicalism." NBC News senior financial reporter Gretchen Morgenson details the reasons for the pause and how damaging the move could be for Main Street.
What's Your Reaction?
