Trump’s grant gambit threatens to wreck the goldilocks economy he inherited | CNN Business

A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here.

New York CNN  — 

A two-page memo, totaling less than a thousand words and packed with right-wing rhetoric, threw the fate of the US economy into uncertain territory late Monday as the Trump administration ordered the suspension of hundreds of billions of dollars in federal grants and loans.

The document from the acting director of the Office of Management and Budget states explicitly that federal

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

The Fed is about to run into an unstoppable force: Donald Trump | CNN Business

Washington CNN  —  In its first key decision of President Donald Trump’s second term, the Federal Reserve is widely...

Why DeepSeek could mark a turning point for Silicon Valley on AI | CNN Business

New York CNN  —  Silicon Valley is coming to grips this week with the realization that creating an advanced...

Step inside the secret lab where America tests its nukes

The U.S. conducts some of its most sensitive nuclear weapons research in a...