Trump Administration Axes $400 Million In State Unemployment System Upgrades, Calls It 'Wasteful': Report

Why is Trump doubling steel tariffs to 50%? How will Nippon Steel’s US deal impact the market? What caused US stocks to drop on China trade claims? Why is Nvidia losing billions under new US policies? How did Trump’s tariffs affect US consumer spending? What’s behind the DOJ vs Google antitrust case? Why is Tesla’s robotaxi launch raising investor concerns?

Trump Administration Axes $400 Million In State Unemployment System Upgrades, Calls It 'Wasteful': Report

benzinga.com/markets/25/05/45663141/trump-administration-axes-400-million-in-state-unemployment-system-upgrades-calls-it-wasteful-report

The White House has reportedly chosen to withdraw $400 million in funding that was set aside for states to upgrade their unemployment insurance systems.
What Happened: Congress originally designated these funds as part of the $1.9 trillion coronavirus relief package passed in 2021. The…

This story appeared on benzinga.com, 2025-05-29 07:37:22.