SBA’s Loeffler: ‘We Are Suspending Funding to the State of Minnesota’

On Friday on Fox Business Network’s “Mornings with Maria,” SBA Administrator Kelly Loeffler said her agency was suspending all funding to the state of Minnesota in the wake of a multimillion-dollar fraud scandal plaguing the state.

Loeffler said there was no evidence of “guardrails” for taxpayer dollars distributed in Minnesota.

“[W]e are suspending funding to the state of Minnesota,” Loeffler said. “I wrote a letter to Governor Tim Walz that said last week we would be withholding millions of dollars from the state because there are simply no guardrails on taxpayer dollars. But the bigger picture is here, as soon as we found out following…

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