Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Sebi Gold And Silver Valuation Norms: Sebi revises valuation norms for gold, silver held by mutual funds; polled spot prices to be used from April 2026
    • Sebi introduces Life Cycle Funds: Radhika Gupta of Edelweiss MF explains what it means for investors
    • SEBI scraps children’s, retirement funds; Introduces contra and sectoral debt funds
    • New mutual fund classification rules introduced: How schemes will be structured
    • How To Optimise Your Investments Using Mutual Funds Calculator
    • Mutual Fund Calculator: How Delaying Your SIP By 5 Years Can Shrink Your Retirement Corpus By Nearly Rs 2 Cr?
    • The AI Reshuffle: How Tech ETFs Navigate a Sector in Transition
    • SEBI broadens rules for $384 billion stock funds to add gold
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Trump admin puts Hudson Gateway funds ‘on hold’ as shutdown begins
    Funds

    Trump admin puts Hudson Gateway funds ‘on hold’ as shutdown begins

    October 1, 2025


    Hours into the first federal government shutdown since 2019, officials in President Donald Trump’s administration are saying that they’ll freeze billions of dollars in funding for several New York City-area transit projects – among them the long-awaited Hudson Gateway Tunnel project connecting Manhattan with New Jersey by rail.

    “Roughly $18 billion in New York City infrastructure projects have been put on hold to ensure funding is not flowing based on unconstitutional DEI principles,” Office of Management and Budget Director Russ Vought said in a pair of posts on social media. “Specifically, the Hudson Tunnel Project and the Second Ave Subway.”

    Vought’s post cites “DEI principles” as the justification for the pause, but it seems likely that the move is also related to Congress’s failure to avert a government shutdown. Vought and Trump had warned prior to the shutdown that they would look to cut programs and jobs favored by Democrats, and the two Democratic leaders they’ve been battling with, Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries, both happen to be from New York City.

    In justifying the funding freeze, the Department of Transportation swiped at Jeffries and Schumer by name: “Thanks to the Chuck Schumer and Hakeem Jefferies [sic] shutdown… USDOT’s review of New York’s unconstitutional practices will take more time,” the department said in a statement. “Without a budget, the Department has been forced to furlough the civil rights staff responsible for conducting this review.”

    New Jersey Gov. Phil Murphy declined to comment on the announcement, but several other top New Jersey Democrats harshly criticized the decision. Rep. Mikie Sherrill (D-Montclair), the Democratic nominee to succeed Murphy this year, said that she would “fight this tooth-and-nail and sue the Trump administration” if she’s elected governor, while Rep. Frank Pallone (D-Long Branch) called it an attempt at furthering a “fabricated culture war.”

    “Any partisan move to stop this project is an attack on New Jersey residents and the economic engine of our region,” Pallone said in a statement. “I, and others in the delegation, will fight this with everything we’ve got.”

    The Hudson Gateway project to expand rail capacity on the Northeast Corridor has been underway for years, ever since Gov. Chris Christie cancelled an earlier iteration of the project known as Access to the Region’s Core. The multi-billion dollar project stalled again during Trump’s first term, only to start back up under President Joe Biden, with construction beginning in 2023 and a planned opening date set for 2035.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    SEBI broadens rules for $384 billion stock funds to add gold

    February 26, 2026

    High-Potential Gilt Funds in 2026

    February 25, 2026

    Money Matters – How do I decide which funds should be in my ISAs

    February 24, 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

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

    November 19, 2023

    Sebi Gold And Silver Valuation Norms: Sebi revises valuation norms for gold, silver held by mutual funds; polled spot prices to be used from April 2026

    February 26, 2026
    Don't Miss
    Mutual Funds

    Sebi Gold And Silver Valuation Norms: Sebi revises valuation norms for gold, silver held by mutual funds; polled spot prices to be used from April 2026

    February 26, 2026

    Capital markets regulator Securities and Exchange Board of India (Sebi) on Thursday revised the valuation…

    Sebi introduces Life Cycle Funds: Radhika Gupta of Edelweiss MF explains what it means for investors

    February 26, 2026

    SEBI scraps children’s, retirement funds; Introduces contra and sectoral debt funds

    February 26, 2026

    New mutual fund classification rules introduced: How schemes will be structured

    February 26, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Advisers turn to money market MPS in volatile economy

    November 19, 2025

    What Advisors Should Know—and Say—to Clients

    July 31, 2025

    DNA Fund Acquires Coral Capital; To Manage $50 Million AUM

    October 18, 2024
    Our Picks

    Sebi Gold And Silver Valuation Norms: Sebi revises valuation norms for gold, silver held by mutual funds; polled spot prices to be used from April 2026

    February 26, 2026

    Sebi introduces Life Cycle Funds: Radhika Gupta of Edelweiss MF explains what it means for investors

    February 26, 2026

    SEBI scraps children’s, retirement funds; Introduces contra and sectoral debt funds

    February 26, 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.