The Trump administration issued a memo on Jan. 27 that federal funding for grants, loans, and other financial assistance programs is being paused pending review.
Acting Office of Management and Budget Director Matthew Vaeth said in a memo leaked to media outlets that Trump won “a mandate to increase the impact of every federal taxpayer dollar.”
Of the $10 trillion the federal government spent in the 2024 fiscal year, more than $3 trillion was allocated for grants, loans, and other financial assistance, according to Vaeth.
These pauses, which take effect at 5 p.m. ET on Jan. 28, are all but certain to be challenged in court....