WASHINGTON — With the Senate Appropriations Committee wrapping up its budget recommendations, the budget committees of both chambers of Congress have suggested significantly more money for the U.S. Treasury Department's Community Development Financial Institutions fund.
In June, the House Appropriations Committee recommended $100 million for the Fund, $71.4 million above the budget request and roughly $46 million above the amounts provided in fiscal year 2007. The Senate committee's recommendation of $90 million is $36 million above the fiscal year 2007 enacted level and roughly $62 million above the budget request.
This represents a significant improvement over every year since the beginning of the Bush Administration when the White House has either sought to severely cut the fund or to eliminate it altogether and to roll the money into other
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