Trump freezes spending for Biden's massive climate initiative
Geplaatst: 11 feb 2025 01:09
Since President Donald Trump signed an executive order to pause billions of dollars going to spending on climate programs by the federal government, the freeze has halted payments put into motion by the Biden administration's Inflation Reduction Act (IRA), potentially cutting billions of dollars in government spending in government spending.
According to the Washington Post, the freeze has caused "chaos and confusion" within climate groups getting grants from the giant spending bill. During Biden's final weeks in office, federal agencies were racing to send out billions of dollars from the IRA and 99 percent of the payments that have gone out cannot be reversed, the outlet reported.
However, of the $50 billion that has been awarded in grants, only around $18 billion has actually been paid out to recipients, meaning that $32 billion could potentially be pulled back by the Trump administration. Around $20.5 billion of that $32 billion unspent is from the Environmental Protection Agency (EPA).
https://thepostmillennial.com/trump-fre ... aign=64494
According to the Washington Post, the freeze has caused "chaos and confusion" within climate groups getting grants from the giant spending bill. During Biden's final weeks in office, federal agencies were racing to send out billions of dollars from the IRA and 99 percent of the payments that have gone out cannot be reversed, the outlet reported.
However, of the $50 billion that has been awarded in grants, only around $18 billion has actually been paid out to recipients, meaning that $32 billion could potentially be pulled back by the Trump administration. Around $20.5 billion of that $32 billion unspent is from the Environmental Protection Agency (EPA).
https://thepostmillennial.com/trump-fre ... aign=64494