Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Eyeing EV stocks? Axis MF’s new index fund offers exposure from Rs 100 | Personal Finance
    • Mutual Funds or Individual Stocks: Which Should You Start With? You Can Do Both by Dividing Them into ‘Three Boxes’
    • Best-performing SIFs: Quant leads hybrid long-short funds with 25.5% returns in 6 months; check how peers performed
    • SIP or STP for PMS investments? Key differences, costs and risks investors should know before choosing
    • XRP ETFs Just Ended a 13-Week Inflow Streak. What Broke It?
    • How to choose small-cap mutual funds and avoid chasing past returns
    • Ethereum and Solana ETFs Keep Losing Money. Which Coin Is Holding Up Better?
    • Bitcoin ETFs Shed Nearly $1 Billion in Two Weeks as Uptober Stays Red
    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

    Multi-cap vs multi-asset allocation mutual funds returns race: Key differences, 1, 3 and 5-year returns compared here

    October 18, 2026

    Active Funds vs. Index Funds: Is All-Country Safe? Things to Consider Before Investing|kazu

    October 9, 2026

    The funds that can save thousands in inheritance tax – if you can stand the risks

    October 9, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Eyeing EV stocks? Axis MF’s new index fund offers exposure from Rs 100 | Personal Finance

    October 19, 2026

    SIP or STP for PMS investments? Key differences, costs and risks investors should know before choosing

    October 18, 2026

    SCHD and HDV beat VOO. Here is why I still don’t buy high-dividend ETFs|HIROPOSO@AI投資監督

    October 18, 2026

    XRP ETFs Just Ended a 13-Week Inflow Streak. What Broke It?

    October 18, 2026
    Don't Miss
    Mutual Funds

    Eyeing EV stocks? Axis MF’s new index fund offers exposure from Rs 100 | Personal Finance

    October 19, 2026

    Axis Mutual Fund’s Axis Nifty EV & New Age Automotive Index Fund is open for…

    Mutual Funds or Individual Stocks: Which Should You Start With? You Can Do Both by Dividing Them into ‘Three Boxes’

    October 18, 2026

    Best-performing SIFs: Quant leads hybrid long-short funds with 25.5% returns in 6 months; check how peers performed

    October 18, 2026

    SIP or STP for PMS investments? Key differences, costs and risks investors should know before choosing

    October 18, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    5 High-Yield Investments That Are Considered Safe

    March 13, 2026

    Allfunds initiée à l’achat avec un objectif de 8,50€ par Deutsche Bank

    July 7, 2025

    Abilene church raising funds for beloved member’s medical recovery

    September 5, 2025
    Our Picks

    Eyeing EV stocks? Axis MF’s new index fund offers exposure from Rs 100 | Personal Finance

    October 19, 2026

    Mutual Funds or Individual Stocks: Which Should You Start With? You Can Do Both by Dividing Them into ‘Three Boxes’

    October 18, 2026

    Best-performing SIFs: Quant leads hybrid long-short funds with 25.5% returns in 6 months; check how peers performed

    October 18, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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