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Home»Stocks»Trump Timothy Mellon navy donor authorities shutdown
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Trump Timothy Mellon navy donor authorities shutdown

EditorialBy EditorialOctober 25, 2025No Comments2 Mins Read
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Trump Timothy Mellon navy donor authorities shutdown
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Timothy Mellon, seen outdoors an inspection prepare throughout a property tour in 1981. Actual date and site unknown.

AP Picture

A thriller donor whose $130 million is supposed to pay U.S. navy throughout the federal government shutdown is Timothy Mellon, an inheritor to a famend Gilded Age household, The New York Occasions reported Saturday, citing two individuals acquainted with the matter.

However Mellon’s donation works out to solely about $100 per service member. And the donation would possibly run afoul of the regulation, the Occasions famous.

When President Donald Trump introduced the donation on the White Home on Thursday, he didn’t title the person who had offered the money, solely describing the individual as a “patriot” and “pal of mine.”

Mellon’s contribution was aimed toward serving to to cowl the price of U.S. navy troops’ salaries and advantages whereas the federal government shutdown wears on.

Learn extra CNBC authorities shutdown protection

The donation may need violated the Antideficiency Act, which bars federal companies from spending funds that haven’t been appropriated by Congress, based on the Occasions.

His reward can also be unlikely to go far in offsetting the price of navy pay in the course of the shutdown.

There are greater than 1.3 million troops within the active-duty navy, and the Trump administration’s 2025 price range included a request of round $600 billion in navy compensation, the Occasions reported.

Mellon, a businessman and banking inheritor, is a longtime Trump donor. He contributed $50 million to a brilliant PAC in help of the president in 2024, one of many greatest single donations ever publicly shared, The Occasions stories.

Mellon can also be the grandson of former Treasury Secretary Andrew W. Mellon.

Learn the whole Occasions report right here.

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