Tag Archives: billions

Court lets the Trump administration suspend or end billions in foreign aid

Court lets the Trump administration suspend or end billions in foreign aid

WASHINGTON (AP) — A divided panel of appeals court judges ruled Wednesday that the Trump administration can suspend or terminate billions of dollars of congressionally appropriated funding for foreign aid. Two of three judges from the U.S. Court of Appeals for the District of Columbia Circuit concluded that grant recipients challenging the freeze did not meet the requirements for a …

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Trump’s Bitcoin retirement order sets stage for billions in demand at seven-year low supply – DL News

Trump’s Bitcoin retirement order sets stage for billions in demand at seven-year low supply – DL News

A Trump order opens 401(k) retirement plans to Bitcoin investments. Exchanges’ Bitcoin reserves have fallen to a seven-year low. Companies now hold nearly 5% of Bitcoin’s total supply in their treasuries. Retirement savers in the US will soon be able to passively invest in Bitcoin for their nest eggs. President Donald Trump on Thursday signed an executive order directing the …

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Judge blocks Trump admin. from reallocating billions in FEMA disaster relief funds

Judge blocks Trump admin. from reallocating billions in FEMA disaster relief funds

Abbott says FEMA needs improvements Abbott says FEMA needs improvements after deadly Texas floods 02:47 A federal judge on Tuesday temporarily blocked the Trump administration’s efforts to reallocate more than $4 billion in federal funding geared toward natural disaster mitigation projects, arguing the transfer could lead to “irreparable harm” to flood-prone areas.   The injunction by U.S. District Judge Richard …

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Trump administration cannot reallocate billions meant for disaster mitigation, federal judge rules

Trump administration cannot reallocate billions meant for disaster mitigation, federal judge rules

BOSTON (AP) — A federal judge on Tuesday blocked the Trump administration from reallocating $4 billion meant to help communities protect against natural disasters. U.S. District Judge Richard G. Stearns in Boston granted a preliminary injunction sought by 20 Democrat-led states while their lawsuit over the funding moves ahead. A spokesperson for the Federal Emergency Management Agency did not immediately …

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Judge blocks reallocation of billions meant for disaster mitigation

Judge blocks reallocation of billions meant for disaster mitigation

BOSTON (AP) — A federal judge on Tuesday blocked the Trump administration from reallocating $4 billion meant to help communities protect against natural disasters. U.S. District Judge Richard G. Stearns in Boston granted a preliminary injunction sought by 20 Democrat-led states while their lawsuit over the funding moves ahead. A spokesperson for the Federal Emergency Management Agency did not immediately …

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Democratic senators negotiated for release of billions in funds in exchange for confirmation deals, sources say

Democratic senators negotiated for release of billions in funds in exchange for confirmation deals, sources say

In a whirlwind of negotiations over three days, Democrats asked for multiple billions in government funds to be released in exchange for a vote on a batch of nominees President Trump wanted confirmed before lawmakers left for their August break, sources told CBS News. Senate Minority Leader Chuck Schumer was negotiating with GOP leadership for $5 billion for the National …

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