Jun. 3 at 2:46 AM
The Trump administration just backed away from a political funding fight. Acting AG Todd Blanche told lawmakers the DOJ is “not moving forward” with the proposed
$1.8B anti-weaponization fund, after bipartisan backlash and legal challenges over how the money could be used.
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Our view is this is not a broad-market catalyst, but it matters for Washington process risk. Dropping the fund removes a controversial obstacle that had threatened Republican support for a much larger immigration-enforcement spending package, which makes the cleaner trade read-through immigration detention and enforcement contractors rather than the DOJ fund itself.
