Murkowski: Trump administration funding freeze could result in ‘closing schools'
The administration originally froze a total of $6 billion in funding to schools, affecting after-school and summer programs, along with classes for adult and English learners.
Last week, the president released about $1 billion that was aimed at after-school programs, but $5 billion is still held up.
'Many of our school districts have already made really hard decisions about closing schools,' Murkowski told ABC News.
'Both in Fairbanks and Anchorage, we've seen layoffs,' she continued.
'If your literacy skills are weak, if you're working on your English skills, I mean, these are all things that are keeping people out of the workforce at a time when we're trying to get people into it,' Murkowski added. 'So I am very worried.'
She was one of nine Republicans to sign a letter to the Office of Management and Budget last week demanding the funding be released and rejecting the administration's claim the money is going toward 'woke' programs.
The letter prompted the office to release the about $1 billion in funding for after-school and summer programming, prompting a sigh of relief for parents. But the rest of the money is still in limbo, with no timeline on when it will be given to schools.
'I'd like to see some of the other programs released, but, you know, we haven't heard one way or the other,' Sen. Shelley Moore Capito (R-W.Va.), who led the Republican letter, told ABC.
While Murkowski is hesitant to say the money is cut, she stresses the funding needs to be released before the school year begins.
'I don't want to call it cuts yet, because my hope is that they're just unpaused and that they are going to materialize,' Murkowski told ABC News.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance and/or achievements to differ materially from those projected. Accordingly, readers should not place undue reliance on these forward- looking statements. These risks and uncertainties include, but are not limited to, economic conditions in all areas in which the Company conducts business, including the competitive environment for attracting loans and deposits; supply and demand for real estate and periodic deterioration in real estate prices and/or values in California or other states where we lend; changes in the financial performance and/or condition of our borrowers, depositors, key vendors or counterparties; changes in our levels of delinquent loans, nonperforming assets, allowance for loan losses and charge-offs; the effect of changes in laws and regulations, including accounting practices; changes in estimates of future reserve requirements and minimum capital requirements based upon periodic review thereof under relevant regulatory and accounting requirements; fluctuations in the interest rate and market environment; cyber-security threats, including the loss of system functionality, theft, loss of customer data or money; technological changes and the expanding use of technology in banking; the costs and effects of legal, compliance and regulatory actions; acts of war or terrorism, or natural disasters; and other factors beyond the Company's control. These forward-looking statements, which reflect management's views, are as of the date of this release. Pacific Valley Bancorp has no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. ContactAnker Fanoe, Chief Executive Officer (831) 771-4384 View original content to download multimedia: SOURCE Pacific Valley Bancorp
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