President Donald Trump announced on social media Wednesday that he has created a new position at the Justice Department that will be dedicated to rooting out and prosecuting fraud. The move comes as the DOJ and other members of his administration continue to find ever-widening pockets of fraud mostly in jurisdictions long run by Democrats.
“I am pleased to nominate Colin McDonald to serve as the first-ever Assistant Attorney General for National FRAUD Enforcement, a new Division at the Department of Justice, which I created to catch and stop FRAUDSTERS that have been STEALING from the American People,” Trump wrote on his Truth Social platform.
“My Administration has uncovered Fraud schemes in States like Minnesota and California, where these thieves have stolen Hundreds of Billions of Taxpayer Dollars. Colin McDonald is a very Smart, Tough, and Highly Respected AMERICA FIRST Federal Prosecutor who has successfully delivered Justice in some of the most difficult and high stakes cases our Country has ever seen. Together, we will END THE FRAUD, and RESTORE INTEGRITY to our Federal Programs. Congratulations Colin — STOP THE SCAMS!” he added.
Meanwhile, the Trump administration has canceled nearly $30 billion in Biden-era clean energy loans and is reviewing another $53 billion as part of a sweeping audit of the Department of Energy’s loan portfolio, Energy Secretary Chris Wright announced Friday.
The decision marks one of the most significant rollbacks yet of President Biden’s green energy agenda and underscores the Trump administration’s effort to redirect federal funding toward what it calls “affordable, reliable, and secure American energy.”
“Over the past year, the Energy Department individually reviewed our entire loan portfolio to ensure the responsible investment of taxpayer dollars,” Wright said in a statement. “We found more dollars were rushed out the door of the Loan Programs Office in the final months of the Biden administration than had been disbursed in over fifteen years.”
The Energy Department’s Office of Energy Dominance Financing (EDF) — a restructured version of Biden’s Loan Programs Office — said the funds were part of the “Green New Scam loans” that were hastily approved without sufficient oversight.
According to the department, roughly $9.5 billion in loans for wind and solar projects were eliminated outright and will be replaced by investments in natural gas expansion, small modular nuclear reactors, and upgrades to aging power plants. Wright said those changes will make energy “more affordable and less dependent on foreign supply chains.”
“President Trump promised to protect taxpayer dollars and expand America’s supply of affordable, reliable, and secure energy,” Wright said. “Today’s cancellations deliver on that commitment.”
The review follows months of internal restructuring within the Department of Energy.
Since returning to office, the Trump administration has undertaken a broad effort to unwind what officials describe as politically motivated “green slush funds” created under the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA).
More than $25 billion in BIL energy appropriations and $4.3 billion in IRA funds have remained unspent since Biden left office, while another $11 billion in IRA funding was rescinded under the One Big Beautiful Bill Act (OBBBA) — legislation signed by Trump to reclaim unused climate subsidies and redirect them toward domestic fossil fuel and nuclear development.
A senior Energy Department official said the administration’s review found “systemic failures” in how the Biden White House approved grants and loans in its final year.
“Many of these programs were riddled with conflicts of interest and lacked due diligence,” the official said. “We had companies receiving billions in federal financing that were weeks away from insolvency.”
The scale of the cancellations is unprecedented. Since May 2025, DOE has rescinded or suspended over 340 clean energy awards valued at more than $11 billion, including major industrial demonstration grants and several of Biden’s high-profile Hydrogen Hub projects in California, Oregon, and Minnesota.