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This report from CCJ Senior Fellow Amy Solomon examines April 2025 funding cuts from the Department of Justice’s (DOJ) Office of Justice Programs (OJP) and their implications for public safety, trust in government, and inefficiency and waste.
OJP administers these funds in alignment with the needs of the field and, to the extent possible, evidence-based and promising practices. The cuts affected grantees from organizations in 37 states across the country, in red and blue states and urban, suburban, and rural areas alike.The deepest cuts were to organizations that provide training and technical assistance to OJP grantees and the field at large, including reductions to programs that paired expert support with pass-through funding for community-based organizations and government agencies.Many of the grant terminations will jeopardize public safety and trust in government, and have resulted in staff layoffs at organizations whose funding was pulled. The cuts also risk wasting federal funds by terminating projects before their deliverables are fulfilled.Taken together, the cuts span across goals and issue areas, touching nearly every element of America’s safety and justice systems. In total, the Administration has rescinded the remaining balances of 373 awards originally valued at $819.7 million. While the exact amount rescinded has not been made public, a CCJ analysis of a federal spending database, USASpending, suggests that grantees collectively lost an estimated $500 million in remaining funding.9
China aims to slash subscription and sales-related fees in the country's $4.9 trillion mutual fund industry to reduce costs for investors and encourage long-term investment.
The rules will "further reduce fund investors' costs, better regulate the fund sales market and protect investors," the CSRC said in a statement. In previous stages, regulators cut fund management fees and trading commissions.Boards, Policy & RegulationcategoryChina to cut fees on $4.9 trln mutual fund industry to promote investmentSHANGHAI/HONG KONG, Sept 6 (Reuters) - China aims to slash subscription and sales-related fees in the country's $4.9 trillion mutual fund industry to reduce costs for investors and encourage long-term investment.Draft rules published by China's securities regulator late on Friday will also guide investment towards equity funds, potentially adding fuel to a stock market bull run.
SEBI/HO/IMD/DF2/CIR/P/2020/253 dated December 31, 2020, effective from February 1, 2021, the applicable NAV in respect of purchase of units of mutual fund scheme shall be subject to realization & availability of the funds in the bank account of mutual fund before the applicable cut off timings ...
SEBI/HO/IMD/DF2/CIR/P/2020/253 dated December 31, 2020, effective from February 1, 2021, the applicable NAV in respect of purchase of units of mutual fund scheme shall be subject to realization & availability of the funds in the bank account of mutual fund before the applicable cut off timings for purchase transactions, irrespective of the amount of investment, under ALL mutual fund schemes.The Applicable NAV for purchase transactions (including Switch-In transactions) under all mutual fund schemes (other than Liquid funds and Overnight Funds) irrespective of the amount of investment, shall be determined as follows: a) Lump Sum purchase transaction for say, ₹50,000 received (time stamped) before cut-off time of 3.00 p.m.If the funds are received in the mutual fund’s account before cut-off time of 3.00 p.m. on 11th February 2021, the investor will be allotted closing NAV of 11-Feb-2021. However, if the funds are received in the mutual fund’s bank account at say 5.00 p.m. on 11th February 2021, i.e., after the cut-off time of 3.00 p.m., the allotment of units will be done at the NAV of Friday 12-Feb-2021.In view of the above, investors are encouraged to avail electronic payment modes for remittance of funds to the mutual fund bank account to facilitate speedy fund transfers. Valid applications for Inter-scheme switching of investments will be considered for processing on the earliest day which is a Business Day for both the ‘Switch out’ scheme and the ‘Switch in’ scheme. Applications for ‘Switch In’ shall be treated as purchase applications and the Applicable NAV based on the cut off time for purchase shall be applied.
Mutual fund cut-off time refers to the deadline set by a mutual fund company for receiving investment orders. Know the rules and cut off time for all types of mutual fund.
All requests placed after the cut-off time will be processed at the next NAV. ... Of late, the popularity of mutual funds in India has been on the rise.Mutual funds are special investment vehicles that pool funds from different investors and use them to invest in a basket of different securities. If you’re planning to invest in one shortly, you need to be aware of certain key concepts involving this investment option, such as Net Asset Value (NAV) and cut-off time for mutual funds.Read on to learn more about what the MF cut-off times are and their importance. NAV is the price of a mutual fund unit. Unlike stocks, where the price is updated with each completed trade during market hours, mutual fund NAV is only updated at the end of a trading session.Here’s a hypothetical example to help you understand how the cut-off time for mutual funds works. Let’s say that the prevailing NAV of a fund is ₹125. Now, assume you submit an application with the AMC to purchase 100 units before the specified cut-off time.
(Reuters) -Global equity funds drew their biggest weekly inflows in three weeks in the period to September 3, lifted by growing expectations of a Federal Reserve rate cut this month and a favorable antitrust ruling for Alphabet that buoyed sentiment.
Global equity fund inflows jump on rate cut expectationsTechnology led sector allocations with $1.87 billion, the biggest weekly intake since August 13. Financials and gold and precious metals funds also drew strong interest, with net inflows of $1.16 billion and $1.07 billion, respectively.By region, European equity funds attracted $3.85 billion, up from $1.32 billion the previous week. Asian funds took in $3.3 billion, while U.S.Fixed income remained in favor. Global bond funds posted a 20th straight week of net inflows, totaling $18.74 billion.
PBS announced 100 jobs have been cut after the Trump administration's rescissions package that eliminated over $1 billion in federal funding for public broadcasting.
PBS laid off 34 employees due to a loss of federal funding from President Donald Trump's rescissions package, bringing total cuts to nearly 100 positions over recent months.PBS informed 34 staffers Thursday they were being laid off as part of a broader downsizing effort that's resulted in 100 jobs being cut in recent months. The cuts were triggered in part by the Trump administration’s rescission package, which slashed over $1 billion in federal funding for public broadcasting.Republicans in the Senate and House narrowly passed the rescissions package in July that yanked over $1 billion in federal broadcast funding for the fiscal year. PROMINENT LIBERALS AND MEDIA FIGURES DECLARE CUTS TO PBS, NPR A ‘PERILOUS MOMENT’All areas of PBS are expected to be affected when federal funding for public broadcasting ends on Oct. 1. · While many Trump supporters have lauded the move, liberal commentators, lawmakers and journalists working for PBS and NPR were sharply critical. NPR CEO KATHERINE MAHER VENTS 'DEEP FRUSTRATION' OVER GOP CUTS, SAYS IT WILL CONTINUE TO OPERATE
The Cut Fire Fund offer support to families suffered from house fires and first responders.
Inspired by the generous outpouring of support from many friends, along with Coldwell Banker, Compass, Douglas Elliman, Millennium Partners, TCC The Collaborative Companies and countless individuals who have been extremely generous, the Cutter's started The Cut Fire Fund to support first responders and provide relief to families affected by house fires.The Cut Fire Fund mission includes providing support to first responders who put their lives on the line every day to ensure the safety of others, supporting families affected by fire and raising awareness for fire prevention and preparedness.Welcome to the Cut Fire Fund!Click HERE for The Cut Fire Fund Intake Form to let us know how we can help.
A Mutual Fund Cut-Off Time Is When the NAV Is Frozen for the Day and Applied to Transactions. Read the full blog to know the meaning of the mutual fund cut off time.
Mutual fund cut-off times determine the NAV applicable to your transactions. For most schemes (except liquid and overnight funds), the cut-off time for purchases and redemptions is 3:00 PM to secure the same-day NAV.Mutual funds are investment vehicles that pool money from multiple investors to invest across various asset classes. As each fund holds a mix of different securities, its value is determined by the Net Asset Value (NAV), which reflects the per-unit worth of the fund’s total holdings. For equity funds, the mutual fund cut-off time on business days is typically 3:00 PM.Cut-off times are essential because they directly influence the NAV at which your transaction is executed. Being aware of these deadlines enables investors to strategically plan their investments or redemptions, potentially maximising returns or minimising losses depending on market conditions. In this article, we'll look into the meaning of mutual fund cut-off time, explore the SEBI regulations surrounding it, and explain how it impacts the Net Asset Value (NAV) you receive for your transactions.The mutual fund cut-off time in India follows Indian Standard Time (IST) and varies based on the type of mutual fund schemes and payment modes. For liquid fund schemes, the cut-off time is typically earlier compared to other funds. Orders placed before the cut-off time will receive the same day's NAV, while orders after the deadline will get the next business day’s NAV.
Coventry College and Sidney Stringer Academy will save a combined £90,000 a year in energy costs while cutting carbon emissions with solar panels funded with money secured by the Mayor, West Midlands Combined Authority (WMCA) and Coventry City Council from Great British Energy (GBE).
They are being funded with £700,000 which has been secured by the Mayor, West Midlands Combined Authority (WMCA) and Coventry City Council from newly established, government-owned Great British Energy (GBE). Up to 90 per cent of the power needed to run both sites will be renewable, saving them a combined £90,000 a year in energy costs while cutting carbon emissions.Alongside funding for our own solar panels, we’re delighted to have successfully secured funding to deliver new solar voltaic bootcamps to residents and businesses across the region. “This will up-skill and re-skill local people to help install the growing number of solar panels, while we also install panels on our own campus to cut overheads – savings we can reinvest directly into skills and training for Coventry residents.”Cllr Jim O’Boyle, Coventry City Council’s cabinet member for jobs, regeneration and climate change, said: "This fantastic funding boost from the West Midlands Combined Authority is a real game-changer for Coventry’s path to net zero. “By powering key educational buildings with clean, renewable energy, we’re not only cutting carbon emissions but also saving vital resources that can be reinvested into our community’s future.The WMCA is delivering a £200 million government-funded programme to decarbonise almost 20,000 homes, businesses, and public buildings, including schools and colleges, to cut carbon emissions and energy costs, helping the region meet its 2041 net zero ambition.
CUT FUNDING meaning | Definition, pronunciation, translations and examples in American English
Cut is also a noun. [...] ... Funding is money which a government or organization provides for a particular purpose.The government backed down over plans to cut funding for training young apprentices.Britain's most senior traffic policeman has warned ministers that a decision to cut funding for speed cameras will put lives at risk.Vancouver and Beijing came only shortly after an 18-month injury layoff so bad that her funding was cut.
Pepsi has slipped behind rivals in soda sales in recent years.
The hedge fund, which manages $76 billion, believes it can help return Pepsi to its former glory, when it nearly toppled Coca-Cola as America’s top soda in the 1980s.Another activist investor, Trian Fund Management run by Nelson Peltz, tried to push for a spin out ten years prior.The firm pushed for a new CEO, staff cuts, and new fees for checked bags and assigned seating.Niccol has since been on a turnaround effort to lure coffee drinkers back to the chain by cutting wait times, simplifying menus and making cafes more comfortable.
The Trump administration recently cut funding in Minnesota for efforts to identify potential mass shooters and head off their violence.
The month before a shooter opened fire on children gathered in a Minnesota church this week, the Trump administration cut funding in the state for efforts to identify potential mass shooters and head off their violence.The scuttled grants, which were run by the Center for Prevention Programs and Partnerships (CP3), an arm of DHS, had funded local programs at the Minnesota Department of Public Safety and Hennepin County Sheriff’s Office to assess and manage mass violence threats.Still, law enforcement agencies and other groups have shown high demand for funding through the program. A DHS report last year stated 178 organizations applied for what added up to more than five times the available funding.The grant for Minnesota’s Department of Public Safety specifically references school shooters, stating that the funds would help create a statewide threat assessment and management team and focus on “persons of concern, potential active shooters, school shootings/threats, stalking, and workplace violence.”
Importantly, research opportunities ... STEM degrees. Cutting grant programs means directly taking opportunities and resources away from students who benefit in numerous ways from attending universities with robust research programs....
While the Trump administration has claimed to pursue “woke” universities and colleges and taken aim at diversity, equity, and inclusion programs, federal data on grant terminations show that the administration has targeted more than 4,000 grants for termination to over 600 universities and colleges across the country, affecting institutions in every state.* These data do not account for the billions more of additional funding the administration has frozen for colleges and universities. According to the Trump administration, it has terminated awards valuing between $6.9 billion and $8.2 bilAs such, this mapping project aims to show: 1) the widespread nature of grants to institutions of higher education that have been targeted for termination; 2) how much funding the administration claims to have cut or withheld from each institution, including what is verifiable using federal data; and 3) how states, researchers, and students are being affected.The majority of grants targeted for termination were awarded by the National Science Foundation (NSF) and the National Institutes of Health (NIH) and funded cutting-edge scientific and medical research and innovation. These grants were given not only to undergraduate schools but also to many medical schools, nursing schools, graduate research labs, and university medical centers.Resources for research programs help fund labs, libraries, and technology purchases that enrich undergraduate and graduate learning as well as scholarships and salaries for graduate researchers and programs that help build the STEM workforce pipeline. Importantly, research opportunities have also been shown to bolster student success and encourage more students to pursue STEM degrees. Cutting grant programs means directly taking opportunities and resources away from students who benefit in numerous ways from attending universities with robust research programs.
The decision marks a major legal victory for Harvard as it seeks to cut a deal that could bring an end to the White House's multi-front conflict with the university.
BOSTON, Sept 3 (Reuters) - A federal judge on Wednesday ruled that U.S. President Donald Trump's administration unlawfully terminated about $2.2 billion in grants awarded to Harvard University and can no longer cut off research funding to the prestigious Ivy League school.The decision, opens new tab by U.S. District Judge Allison Burroughs in Boston marked a major legal victory for Harvard as it seeks to cut a deal that could bring an end to the White House's multi-front conflict with the nation's oldest and richest university. Sign up here. The Cambridge, Massachusetts-based school became a central focus of the administration's broad campaign to leverage federal funding to force change at U.S.The administration's decision to cancel grants was one of many actions it has taken against Harvard. It has also sought to bar international students from attending the school; threatened Harvard's accreditation status; and opened the door to cutting off more funds by finding it violated federal civil rights law.Harvard litigated the grant funding case alongside the school's faculty chapter of the American Association of University Professors, which opposes the idea of the institution cutting a deal with Trump.
The move may result in shaving off hundreds of millions of dollars worth of financial support for equipment and weapons training for armies across Europe
The US is planning to cut funding for programs meant to help train and equip the armies of European countries that border Russia, as the Trump administration pushes the region to shoulder more of the defense burden.Nato allies agreed to an ambitious new spending goal this summer to allocate at least 5 per cent of GDP toward defense. That could help compensate for any withdrawal of US funding, but many European countries are still years away from hitting the target.In their briefing to their European counterparts, Pentagon officials encouraged other European nations to step in to plug the funding gap, the people familiar with the matter said.
The United States will phase out some security assistance for European countries near the border with Russia, two sources familiar with the matter said on Thursday.
Russia's war with Ukraine has heightened concerns in Europe about regional instability and the possibility of further aggression from Moscow. Key recipients of the funding include Estonia, Latvia, and Lithuania.The U.S. Congress has approved funding for the assistance plan, which comes under the Department of Defense, but only through the end of September 2026.
The Trump administration has pushed a significant amount of health costs to states, whose budgets may already be strained by declining state tax revenues, a slowdown in pandemic spending, and economic uncertainty.
The Trump administration's plan to strip more than $550 million in federal public health and pandemic funds from Texas helped prompt cancellation of the event just before its scheduled July 21 start. · "Some people come every year and rely on it," said Hidalgo County Health and Human Services Director Dairen Sarmiento Rangel. "Some people even camp out outside of Border Health so they can be the first in line to receive services. This event is very important to our community." States and local governments have made painful program cuts in the wake of major reductions in federal health funding that have already taken effect.They're doling out $50 million in grants to health, social service, and other nonprofits hit by federal funding cuts. To get the money, nonprofits must show a termination or drop in funding, or that they have otherwise been harmed by the cuts.Other states are scaling back projects to contend with cuts. Delaware Gov. Matt Meyer, a Democrat, received notice in March that the Trump administration was cutting $38 million in public health funding from the state.The Medicaid cuts won't begin until after the midterm elections in November 2026, but other cuts have already hit. · The Trump administration has sought to claw back $11 billion in federal public health funds earmarked to states because of the pandemic, spurring a legal fight with a coalition of Democratic-led states.
Fund purchase cut-off times: This should be a simple question but I can’t find an answer via google so hoped someone here could help. All of my existing investments are in ITs & ETFs so no experience with OEICs. I’m thinking of purchasing some Vanguard Global Equity and would like to...
China aims to slash subscription and sales-related fees in the country's $4.9 trillion mutual fund industry to reduce costs for investors and encourage long-term investment.
The rules will "further reduce fund investors' costs, better regulate the fund sales market and protect investors," the CSRC said in a statement. In previous stages, regulators cut fund management fees and trading commissions.Boards, Policy & RegulationcategoryChina to cut fees on $4.9 trln mutual fund industry to promote investmentSHANGHAI/HONG KONG, Sept 6 (Reuters) - China aims to slash subscription and sales-related fees in the country's $4.9 trillion mutual fund industry to reduce costs for investors and encourage long-term investment.Draft rules published by China's securities regulator late on Friday will also guide investment towards equity funds, potentially adding fuel to a stock market bull run.
In late July, the House Appropriations Committee passed spending legislation that if enacted, would cut over $13 billion in funding from foreign aid and diplomacy, a 22% cut from current levels, and reduce
The bill would fundamentally reshape how the United States engages in the world. Share this page on FacebookShare this page on BlueskyEmail this pagePrint this page ... In late July, the House Appropriations Committee passed spending legislation that if enacted, would cut over $13 billion in funding from foreign aid and diplomacy, a 22% cut from current levels, and reduce guardrails against politicization.Previously named the State, Foreign Operations, and Related Programs Appropriations Act, the NSRP bill is an annual appropriations bill that sets funding levels for a wide range of programs related to U.S. foreign policy. While avoiding some of the most severe cuts proposed by President Trump, the bill would nonetheless fundamentally reshape how the United States engages in the world.This new America First Opportunity Fund has less than 250 words of regulation on how it could be used – essentially creating a slush fund for Secretary of State Marco Rubio and President Trump to spend as they see fit. · The House NSRP bill also includes significant cuts to U.S.The Republican-led committee did reject President Trump’s proposed $7 billion cuts to the global health fund. While the House NSRP bill would cut funding for Global Health Programs by 5% (roughly $500 million), it provides a small increase for the President’s Emergency Plan for AIDS Relief (PEPFAR).