News Summary

• A bipartisan group of senators is trying to save a popular fund that boosts small businesses.
• The Community Development Financial Institutions Fund, part of the Treasury Department, is under threat from the White House.
• The fund supports grants, capital, and other forms of aid to local banks, credit unions, and similar lenders whose mission is community development rather than profit generation.
• Most of the $324 million that Congress allocated for the fund for this fiscal year, which ends September 30, has been frozen for months.