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White House withholding $289 million of small business loans

September 23, 2026
in Market & News
Reading Time: 1 min read
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The Trump administration is withholding $289 million appropriated by Congress for loans to small businesses. The elimination came through an executive order last year, with President Trump saying the program was “woke” and promoted “gender extremism” and “climate radicalism.” NBC News senior financial reporter Gretchen Morgenson reports on the reasons for the pause and how damaging the move could be for Main Street.

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