Day: April 30, 2025
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NYC Mayor Adams Announces $5+ Billion in Advance Payments to Nonprofit Providers
On April 29, 2025, New York City Mayor Eric Adams announced a historic initiative to provide over $5 billion in advance payments to city-contracted nonprofit providers in Fiscal Year 2026, a significant increase from the $2.8 billion issued in FY 2025. This unprecedented funding aims to deliver upfront cash to organizations serving vulnerable populations, including…
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White House Statement on Surging Economic Momentum
On April 30, 2025, the White House, through Press Secretary Karoline Leavitt, released a statement highlighting the economic momentum under President Trump’s administration, contrasting it with the economic challenges inherited from the Biden era. Despite a lower headline GDP figure reflecting pre-inauguration conditions, core GDP grew robustly at 3.0%, and gross domestic investment surged by…