Sentences with phrase «inadequate financial reserves»

Not exact matches

The Trump - DeVos budget and the House Appropriation Committee bill raid student aid programs — including the federal Pell Grant reserve, which the federal government slowly established after an inadequate rainy day fund led to painful cuts56 to the program — by $ 3.9 billion and $ 3.3 billion, respectively.57 The Pell Grant is the fundamental building block of financial aid support for low - income students.

There was an inadequate «financial infrastructure» in terms of strong bank regulation and adequate bank reserves in place to protect the financial system in case of a catastrophe.