CNN: White House to Cut Federal Funding to California
June 6, 2025, 10:30 PM Finance Markets
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According to the television company, federal agencies may begin to cancel some subsidies and grants as early as June 6
The administration of US President Donald Trump is planning to significantly reduce federal funding for the state of California. This was reported by the CNN television company, citing sources, TASS reports.
According to her, federal agencies may begin to cancel some subsidies and grants as early as June 6. Sources say that agencies have been instructed to determine which funding programs can be terminated.
In particular, one of the sources said, a congressional committee was tipped off by a whistleblower about the possible complete cancellation of research grants to the state.
California is the largest economy in the United States. According to the latest data, the state's GDP is more than $4 trillion.
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