Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • BRAC Bank moves to surrender trustee licence for mutual fund
    • ₹10,000 investment in this value mutual fund has grown over 14x in 18 years
    • Have you only invested in the provident fund so far? Here’s how to diversify
    • NASA’s Artemis mission thrusts space ETFs into the spotlight. Have advisors got ‘the right stuff’?
    • How the SpaceX IPO Could Affect These Popular Nasdaq ETFs
    • Top SEC-Approved Crypto ETFs in 2026
    • Were you a winner in the April 2026 premium bonds draw?
    • Premium Bonds prize winners announced with two £1m jackpot prizes
    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

    Active funds still have an alpha edge, majority win on risk-adjusted basis | Mutual Funds

    March 31, 2026

    MFs allowed to keep retirement, children’s funds alive

    March 31, 2026

    Ethereum Funds Shed $222 Million as Crypto Bill Fears Rattle Investors

    March 30, 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

    Chinese government bonds emerge as lone war haven

    March 31, 2026

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

    February 12, 2024

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

    November 19, 2023
    Don't Miss
    Mutual Funds

    BRAC Bank moves to surrender trustee licence for mutual fund

    April 1, 2026

    BRAC Bank PLC has decided to surrender its trustee registration for mutual funds to comply…

    ₹10,000 investment in this value mutual fund has grown over 14x in 18 years

    April 1, 2026

    Have you only invested in the provident fund so far? Here’s how to diversify

    April 1, 2026

    NASA’s Artemis mission thrusts space ETFs into the spotlight. Have advisors got ‘the right stuff’?

    April 1, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

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

    August 5, 2025

    ‘Rentvesting’ on rise amid soaring property prices

    August 18, 2024

    ETFs to Play as Morgan Stanley Bets 150%+ Upside for 2 Bitcoin Miners

    February 11, 2026
    Our Picks

    BRAC Bank moves to surrender trustee licence for mutual fund

    April 1, 2026

    ₹10,000 investment in this value mutual fund has grown over 14x in 18 years

    April 1, 2026

    Have you only invested in the provident fund so far? Here’s how to diversify

    April 1, 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.