CAMEO+ eventECONOMIC2026-04-22馃嚭馃嚫
US credit unions lobby ahead of 2027 federal budget; Bessent criticizes CDFI Fund
source: Trump administration -> target: Community Development Financial Institutions Fund
On 2026-04-22, Treasury Secretary Scott Bessent defended the administration's fiscal year 2027 budget proposal to cut the CDFI Fund by $204.5 million and redirect some funding toward rural lending. The remarks were made at a Senate Appropriations subcommittee hearing in Washington, DC. The proposal would reduce support for community development lending programs.
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Location
Washington, DCDCNorth AmericaUnited StatesNorth America38.895, -77.036
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