Why Wait for 2018?

President Donald Trump now reportedly is urging Congress to cut domestic funds in the current fiscal year (FY2017) rather than wait for next year, according to media reports. With the deadline for the current Continuing Resolution one month away, Congressional Republicans have said that it’s too late for 2017 cuts, but anything is possible in the wake of the failed Republican health care bill.

White House officials and Congressional Republican leaders are all trying to change the narrative from health care to tax reform and infrastructure and from possible Russian collusion by senior Trump Administration officials to, well, anything.

Update: The Community Development Bankers Association has issued a statement opposing White House plans to try to cut $218 million from the CDFI Fund budget for the current fiscal year (2017).

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