Fox Business BILLIONS UNTOUCHED: Recovery money sits IDLE in California as building stalls

Small Business Administration Administrator Kelly Loeffler joins ‘Varney & Co.’ to discuss stalled Los Angeles fire recovery, slow permitting delays and billions in federal aid still unspent

0:00 – The Failure to Rebuild Los Angeles
0:55 – Trump Executive Order vs. Local Permitting
1:40 – Mayor Karen Bass and the June 30 Deadline
2:05 – EXPOSED: $8.6 Billion in California Fraud
2:45 – State-by-State Crackdown: MN, NY, and IL
3:30 – GAO Warning: Half a Trillion Lost to Fraud

Subscribe to Fox Business: https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television. In 2025 it opened the year posting double-digit advantages across business day, market hours and total day viewers in January. Additionally, the network continued to lead business news programming, with each business day program placing among the top 15 shows, while FBN delivered its highest-rated month since April 2023 with market hours.

Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness
Follow Fox Business on Twitter: https://twitter.com/foxbusiness
Follow Fox Business on Instagram: https://www.instagram.com/foxbusiness

Watch the full video on YouTube