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CNBC

Trump admin freezes funding for Chicago, NYC projects

CNBC · Just In
CNBC
CNBC
Just In

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
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