Trump aims axe at community lender fund

Marketplace All-in-One

Marketplace

News, Business

4.8 • 1.3K Ratings

🗓️ 24 April 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Treasury’s Community Development Financial Institutions Fund supports lenders in far-flung and underserved areas. It also made a laundry list of federal programs President Trump deemed unnecessary and ordered to be “eliminated” last month. In this episode, how local banks are preparing for the possibility of losing that critical funding. Plus, leaders in the past who championed tariffs, retailers fret over consumer stress and apartment construction tapers off.

Transcript

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0:47.1	Good news, bad news, we got it all.
0:51.3	From American Public Media, this is Marketplace.
1:00.5	In Los Angeles, I'm Kyle. Rizzdall. It is Thursday, today the 24th of April. Good as
1:10.5	always to have you along, everybody.
1:12.8	I got good news on trade and I got bad news on trade. We're going to do the good first. The White
1:18.8	House, President Trump himself actually, said this week that his people are actively, that is the word he used, talking to Beijing about all things trade.
1:28.9	The bad news is that the Chinese foreign ministry said today, quote, China and the United
1:34.4	States have not held consultations or negotiations on the tariff issue, let alone reached an
1:39.4	agreement. The spokesman went on to say that reports of those talks, and again, this is a quote, are fake news.
	...

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