Appeals court rejects Trump administration bid to reinstate funding freeze

Appeals court rejects Trump administration bid to reinstate funding freeze


U.S. President Donald Trump speaks in the Oval Office of the White House in Washington, D.C., U.S., Feb. 11, 2025. 

Kevin Lamarque | Reuters

A federal appeals court on Tuesday rejected the Trump administration’s bid to pause a lower court’s order that temporarily halted a massive freeze in federal funding.

A judge in Rhode Island on Monday blocked the funding freeze and ordered the government to “immediately restore frozen funding.”

In its ruling Tuesday, a three-judge panel for the 1st U.S. Circuit Court of Appeals wrote that the “defendants do not cite any authority in support of their administrative stay request or identify any harm related to a specific funding action or actions that they will face without their requested administrative stay.”

The Justice Department had sought two different kinds of pauses of U.S. District Judge John J. McConnell’s restraining order barring the government from continuing to implement its sweeping freeze of funding, and another ruling that found that government had violated the order. Lawyers for the DOJ contended in part that McConnell’s order was vague, but the appeals court suggested they should be patient.

“We are confident the District Court will act with dispatch to provide any clarification needed with respect to, among other things, the defendants’ contention that the February 10 Order ‘bars both the President and much of the Federal Government from exercising their own lawful authorities to withhold funding without the prior approval of the district court,'” the appeals court wrote Tuesday.

It said both sides should submit further arguments on the government’s request for a stay pending a full appeal by Thursday. The administration has asked the appeals court to rule on the full stay request by Friday.



Source

Here are four key takeaways from Europe’s central banks’ final rate decisions of 2025
World

Here are four key takeaways from Europe’s central banks’ final rate decisions of 2025

Thursday’s bonanza of four European central banks announcing interest rate decisions was as expected: the European Central Bank, Norges Bank, and Riksbank held their rates, while the Bank of England cut. But there were hints at what’s ahead for 2026. Here are four key takeaways. 1. The BoE voted to cut, but only just The […]

Read More
Micron stock pops 13% as AI memory demand soars: ‘We are more than sold out’
World

Micron stock pops 13% as AI memory demand soars: ‘We are more than sold out’

The Micron logo is seen displayed at the 8th China International Import Expo. Sheldon Cooper | Lightrocket | Getty Images Micron Technology‘s stock jumped 13% after the company signaled robust demand for its memory chips and blew away fiscal first-quarter estimates. During an earnings call with analysts, Micron, which makes memory storage used for computers […]

Read More
Putin ally tells CNBC using frozen Russian assets is a ‘dead end’
World

Putin ally tells CNBC using frozen Russian assets is a ‘dead end’

Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orban during their joint press conference at the Kremlin on July 5, 2024. Contributor | Getty Images News | Getty Images One of Russia’s last remaining allies in the European Union told CNBC he believes there is no way forward for proposals to fund the rebuilding […]

Read More