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Some Green Groups Are Running Out of Cash After Trump Freezes $20 Billion

4 March 2025
in Business
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Some Green Groups Are Running Out of Cash After Trump Freezes  Billion
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Two weeks after their bank accounts were frozen, nonprofit organizations are unable to withdraw $20 billion intended for climate change efforts due to investigations by the Trump administration. Citibank froze the accounts after allegations of potential fraud by the EPA, despite a lack of evidence for criminal activity. The Trump administration has faced pushback for attempting to claw back funds from the Inflation Reduction Act, with accusations of political motivation and interference in grant distribution.

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