Two senior Republican senators said Tuesday they strongly support the Treasury Department’s Community Development Financial Institutions Fund after the Trump administration moved to eviscerate the program by firing all of its staff.
The elimination of employees at the CDFI Fund on Friday was part of the larger reduction-in-force orchestrated by Office of Management and Budget Director Russell Vought. A letter to fired employees said their termination was necessary to implement the abolishment of the entire CDFI program, which enjoys strong bipartisan support.
Senate Community Development Finance Caucus co-chair Mike Crapo (R-Idaho) told…
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