CNBC by Dan Mangan 10/1/2025
Key Points
• The Trump administration has canceled nearly $8 billion in funding for projects in primarily Democratic-controlled states, a top administration official said on Wednesday.
• The move came hours after the same official, Office of Management and Budget Director Russell Vought, revealed that the Trump administration had frozen about $18 billion in federal funding to two major infrastructure projects in New York City.
• “Nearly $8 billion in Green New Scam funding to fuel the Left’s climate agenda is being cancelled,” Vought wrote in a post on the social media site X.
The Trump administration has canceled nearly $8 billion in funding for climate-related projects in primarily Democratic-controlled states, a top administration official said on Wednesday.
The move came hours after the same official, Office of Management and Budget Director Russell Vought, revealed that the Trump administration had frozen about $18 billion in federal funding to two major infrastructure projects in New York City.
“Nearly $8 billion in Green New Scam funding to fuel the Left’s climate agenda is being cancelled,” Vought wrote in a post on the social media site X, on the same day the federal government shut down after Congress did not pass a stopgap funding bill.
More:
https://www.cnbc.com/2025/10/01/trump-green-new-deal-funding-states-vought.html
