Congressional Republicans came out in force Thursday in support of a Treasury Department program that helps provide loans to low-income and underserved populations that traditional financial institutions usually don’t reach.
Treasury indicated earlier this month that it would cut 1,446 positions in a reduction in force related to the partial government shutdown. The department would eliminate the approximately 100-member staff of the Community Development Financial Institutions Fund.
A group of 105 Republican lawmakers called on the Trump administration to preserve the CDFI Fund in a letter to Treasury Secretary Scott Bessent and Office of Management and Budget Director Russ Vought.
