Group Sues Treasury Over Withheld Grants
Community lenders sued the U.S. Treasury Department to prevent nearly 300 million dollars in federal grants from expiring. The lawsuit urges the court to order the release of Congress-approved funding before the fiscal year deadline.
A Washington business group sued the United States Treasury Department on Monday to release nearly $300 million in federal grants before funds expire at the end of the month. The legal challenge targets withheld fiscal year 2025 appropriations for community lenders. The delayed capital threatens specialized financial institutions serving low-income communities.
