What went wrong with the Biden administration's $160 million funding to a Canadian electric vehicle bus manufacturer, and what were the consequences for school districts?

The Biden administration made a critical error by providing the entire $160 million upfront to a Canadian electric vehicle bus manufacturer without implementing proper oversight or milestone-based payments. This poor financial management led to catastrophic results when the manufacturer declared bankruptcy, leaving 55 school districts without $95 million worth of promised electric school buses. EPA Administrator Lee Zeldin highlights this as a prime example of failed federal funding practices that lack accountability and proper safeguards to protect taxpayer money.