Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Comparing mutual funds? Don’t just look at returns – here’s what matters more
    • Rs 1,000 SIP grows to Rs 2.25 crore: THIS top-rated Nippon India fund delivers 23% CAGR since launch – Money News
    • Bangkok Post – Soak to Sip: A Fusion of Wellness Rituals
    • Where financial fitness meets alternative investments: Anshu Kapoor on Navigate with HSBC
    • GAO States Trump Violated Statute by Withholding NIH Funds
    • Chainlink Offers Data Streams for U.S. Equities and ETFs
    • Mutual funds invest ₹5,294 crore in IPOs during June quarter, focus on small cap growth: Ventura
    • SEC staff statement on liquid staking may pave way for staking in spot Ether ETFs
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Judge blocks Trump admin. from reallocating billions in FEMA disaster relief funds
    Funds

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

    August 5, 2025


    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 G. Stearns in Boston followed a July lawsuit brought by 20 states. They argued that FEMA’s Building Resilient Infrastructure and Communities (BRIC) program had been unlawfully terminated in April 2025 under the Trump administration, with more than $4 billion in unspent funding that had been allocated by Congress redirected without its authority. Stearns wrote that the court was “not convinced” that Congress had intended for the money to be reallocated.

    “The BRIC program is designed to protect against natural disasters and save lives,” Stearns wrote.

    Stearns ruled that government officials were temporarily blocked from repurposing the funds while the court considers the state’s objections to the cuts.

    The July lawsuit alleged that ending the BRIC program would upend disaster preparedness efforts across the country, leaving communities unable to tap into critical funding for hundreds of already-approved resilience projects. Before it was halted, the BRIC program provided funding for local infrastructure projects such as stormwater management systems and the relocation or elevation of buildings in flood-prone zones.

    FEMA officials originally announced in April that they were “ending” the BRIC program because it is “wasteful” and had become more concerned with “political agendas than helping Americans recover from natural disasters.” But in a court filing last week, the disaster response agency walked back those comments, stating that they hadn’t cut the program and were still evaluating whether they will end or revise it.

    A CBS News investigation in June revealed that the recent BRIC funding cuts have disproportionately affected counties that supported Mr. Trump in the 2024 election, with two-thirds of the counties that lost funding having voted for the president. The elimination of the BRIC program will especially deprive vulnerable communities across the Southeast — an area prone to natural disasters — the CBS News data analysis found.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    GAO States Trump Violated Statute by Withholding NIH Funds

    August 6, 2025

    Mutual funds invest ₹5,294 crore in IPOs during June quarter, focus on small cap growth: Ventura

    August 5, 2025

    The best investment trusts for first-time investors

    August 5, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Comparing mutual funds? Don’t just look at returns – here’s what matters more

    August 6, 2025

    Qu’est-ce qu’un green bond ?

    December 7, 2017

    les cat’ bonds deviennent incontournables

    September 5, 2018

    ETF : définition et intérêt des trackers

    May 15, 2019
    Don't Miss
    Mutual Funds

    Comparing mutual funds? Don’t just look at returns – here’s what matters more

    August 6, 2025

    When comparing mutual fund schemes within the same category, most investors look no further than…

    Rs 1,000 SIP grows to Rs 2.25 crore: THIS top-rated Nippon India fund delivers 23% CAGR since launch – Money News

    August 6, 2025

    Bangkok Post – Soak to Sip: A Fusion of Wellness Rituals

    August 6, 2025

    Where financial fitness meets alternative investments: Anshu Kapoor on Navigate with HSBC

    August 6, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Sir Cliff Richard, 83, makes a splash with his 2025 calendar as he sips on cocktails and poses with dolphins for his annual photoshoot

    August 26, 2024

    Budget 2024: FM simplifies taxation rules for charities and TDS on mutual funds or UTI unit purchases

    July 23, 2024

    Mutual Funds: Planning to invest this Diwali? These are the sectors investors can explore

    October 25, 2024
    Our Picks

    Comparing mutual funds? Don’t just look at returns – here’s what matters more

    August 6, 2025

    Rs 1,000 SIP grows to Rs 2.25 crore: THIS top-rated Nippon India fund delivers 23% CAGR since launch – Money News

    August 6, 2025

    Bangkok Post – Soak to Sip: A Fusion of Wellness Rituals

    August 6, 2025
    Most Popular

    ₹10,000 monthly SIP in this debt mutual fund has grown to over ₹70 lakh in 23 years

    June 13, 2025

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025

    ZIG, BUZZ, NANC, and KRUZ

    October 11, 2024
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.