A recent executive order aimed at reducing government functions has significantly cut staffing and funding for key federal programs like the Minority Business Development Agency (MBDA) and the Community Development Financial Institutions (CDFI) Fund, despite their proven success in fostering minority-owned businesses and revitalizing underserved communities. Critics, including bipartisan senators and Rep. Maxine Waters, argue these cuts undermine economic equity and squander public-private models that yield substantial returns and job creation.

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