CNBC’s Eamon Javers takes a look at the Trump administration’s freeze on funding for projects in Chicago and New York City.
Breakdown
- OMB Director Russ Vought announced cuts to funding for projects favored by Democrats.
- Vought cited DEI funding as the reason, not the government shutdown. 9s
- $18 billion in New York City infrastructure projects have been put on hold. 21s
- $2.1 billion in Chicago projects, including the Red Line extension, are paused. 36s
- The administration claims stronger legal footing by citing alleged unconstitutionality. 58s