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After California, Trump Freezes $18 Billion In NYC Infrastructure Funds, Calls Contracts 'Discriminatory, Unconstitutional'
['Namrata Sen']
Benzinga - Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals
The Trump administration has decided to withhold $18 billion in federal funds from New York City for two major infrastructure projects.
With the Department of Transportation staff furloughed, reviews are stalled, and federal funds for ongoing projects cannot be disbursed.
New York Governor Kathy Hochul has characterized the announcement as the latest assault by the Trump administration on the state and its values, reported the New York Times.
The new program’s guidelines, set by the Trump administration, omitted any references to diversity or climate change, which were previously included during the Biden administration.
He suggested that federal funding could be blocked if progressive candidate Zohran Mamdani is elected, sparking criticism from Bernie Sanders (I-VT).