Biden spending challenged
NY Post: Commerce Secretary Howard Lutnick voids ‘illegal’ $7.4B payment to Biden ally-staffed nonprofit for semiconductor research ... “Rather than establishing these operations within the Department, however, Biden Administration officials spent significant time, effort, and resources creating an unaccountable, outside entity–Natcast–to administer taxpayer funds,” Lutnick wrote Natcast CEO Deirdre Hanford. Four days before Biden left office on Jan. 20, Lutnick noted, the Commerce Department agreed to set aside $7.4 billion in “advance payments” to Natcast after spending nearly two years setting it up and tapping administration officials, advisers and allies to fill out positions. That arrangement both effectively removed the incoming Trump administration from being involved in the process and provided “virtually all” of Natcast’s funding — prompting incoming Departments of Justice and Commerce officials to take another look at the Sunnyvale, Calif., nonprofit. ... “These action...