Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Mutual funds were net buyers in majority of the stocks across market caps in March – Market News
    • Retail flows stay resilient as MF AUM falls 10.1% MoM in March: Motilal Oswal
    • Balanced advantage funds ramp up equity exposure as valuations ease | Markets News
    • Equity shares, mutual funds transfer tax: When gifting is tax-free and when it’s not — explained
    • Fixed-rate savings warning: what to do when your bonds mature
    • Which Investments Are Billionaires Buying — and Ditching — in 2026?
    • How to make Rs 1 crore from mutual fund SIP: A faster, practical formula explained – Money News
    • Accel raises $5 billion to boost AI startup investments By Investing.com
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Facing lawsuit, Trump administration restores $12 million in Illinois AmeriCorps funds
    Funds

    Facing lawsuit, Trump administration restores $12 million in Illinois AmeriCorps funds

    August 29, 2025


    Nearly $12 million in federal grants for Illinois nonprofits, government agencies and other organizations through AmeriCorps will be restored after Attorney General Kwame Raoul sued the Trump administration over the cuts.

    Funding to AmeriCorps, a federal agency that places volunteers and supports community service programs, was slashed by $184 million nationwide, the federal government announced this spring. The cuts affected local organizations like the Greater Chicago Food Depository, the Boys and Girls Club of Chicago and the Girl Scouts of Greater Chicago and Northwest Indiana.

    But Raoul joined attorneys general and governors from 23 states in a legal challenge shortly after the cuts were announced in April, but the lawsuit never made it to court. A judge granted a preliminary injunction in June, reinstating hundreds of programs that were suddenly canceled.

    The White House Office of Management and Budget had withheld $184 million from the service programs until Thursday, when the office and AmeriCorps reached an agreement to have the funds released.

    “The administration’s abrupt termination of these vital grants and programs had far-reaching and devastating impacts,” Raoul said in a news release. “I am pleased the hundreds of Illinoisans who serve some of Illinois’ most vulnerable populations will once again be able to give back to their communities.”

    Statewide, more than 9,400 people worked or volunteered for AmeriCorps, according to AmeriCorps Illinois. After the cuts were announced, at least 85% of AmeriCorps staff were put on leave, and some were notified that they had been terminated.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Balanced advantage funds ramp up equity exposure as valuations ease | Markets News

    April 15, 2026

    There Will Be Losers From the Rush Into Hedge Funds, BlackRock Says

    April 15, 2026

    Hedge Funds & Portable Alpha: Enhancing Portfolio Returns

    April 13, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    How to diversify your investments – and why it matters

    February 20, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Mutual funds were net buyers in majority of the stocks across market caps in March – Market News

    April 15, 2026

    According to Indian mutual fund tracker shared by Motilal Oswal Financial Services, mutual fund houses…

    Retail flows stay resilient as MF AUM falls 10.1% MoM in March: Motilal Oswal

    April 15, 2026

    Balanced advantage funds ramp up equity exposure as valuations ease | Markets News

    April 15, 2026

    Equity shares, mutual funds transfer tax: When gifting is tax-free and when it’s not — explained

    April 15, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Investment platforms and building societies clash over new Isa rules

    January 23, 2026

    Massive response to latest bonds issue

    November 10, 2025

    Mutual Funds: SIP Contributions Nearly Hit Rs 3 Lakh Crore, AUM Crosses Rs 65 Lakh Mark

    May 9, 2025
    Our Picks

    Mutual funds were net buyers in majority of the stocks across market caps in March – Market News

    April 15, 2026

    Retail flows stay resilient as MF AUM falls 10.1% MoM in March: Motilal Oswal

    April 15, 2026

    Balanced advantage funds ramp up equity exposure as valuations ease | Markets News

    April 15, 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

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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