Clinton, Yellen to Back US Community Lending Fund as Trump Seeks Spending Cuts
Reuters
Tuesday, November 19, 2024
"Former President Bill Clinton will return to the U.S. Treasury Department for the first time in nearly 25 years on Thursday to mark the 30th anniversary of a community lending fund launched during his presidency but which could be put at risk by President-elect Donald Trump's new government efficiency body.
The Treasury Department said that Clinton will join Yellen in a program to underscore the importance of the Community Development Financial Institutions Fund in supporting small businesses and families in minority and underserved communities. The fund was launched in 1994. Yellen became chair of Clinton's Council of Economic Advisers in 1997."