SEC sues ISS as Trump administration ramps up scrutiny of proxy advisers

The Trump administration is reportedly planning to modify the US federal child-care subsidy system to allow some married couples with a stay-at-home parent to receive government assistance. This proposal, backed by Vice President JD Vance, would expand the use of federal child-care funds to families where one parent stays home to care for the couple's children while the other works.

If implemented, this change would represent a significant shift in the purpose of federal child-care assistance, which has traditionally aimed to help working and low-income parents pay for child care so they can remain employed, attend school, or undergo job training.

Brief written by urgent.news from Live Mint's own syndicated text. Machine-written — may contain errors; check the original before relying on it.