The Trump administration has put a hold on all federal financial grants and loans, affecting tens of billions of dollars in payments.

The White House Office of Management and Budget on Wednesday rescinded a memo that froze federal grants and loans and created widespread confusion this week.

President Donald Trump’s budget office rescinded an order freezing spending on federal grants, less than two days after it sparked widespread confusion and legal challenges across the country, according to two people familiar with the matter.

The White House budget office on Wednesday rescinded an order freezing federal grants after the administration’s move to halt spending earlier this week provoked a backlash.

KEY TAKEAWAYS The White House has retracted a previous order that paused some grants, loans, and assistance the federal government awards to nonprofits and states.The prior order was supposed to take effect at 5 p.

The full extent of the order was not immediately clear, but the directive sent to government agencies on Monday threatened to paralyze a vast swath of federal programs.

The Trump administration ordered a temporary pause on federal grants, loans and financial assistance. What we know so far about the order.

The White House on Wednesday issued a memo to federal employees scrapping its original order, according to a document viewed by The Wall Street Journal. The two-line memo sent jus

President Donald Trump’s budget office has rescinded a memo freezing spending on federal grants, less than two days after it sparked widespread confusion and legal challenges across the country

Fox News senior White House correspondent Jacqui Heinrich reports on the Trump administration’s decision to rescind its freeze on federal grants on ‘America Reports.'

The unexpected memo left agencies scrambling to understand which programs were affected and how they should respond.