President Donald Trump issued a memo ordering a freezing of federal funds. After lawsuits and a federal judge issuing an injunction, the memo was rescinded.

The Trump administration has withdrawn a memo that caused significant issues by canceling federal loans and grants—though a spokesperson clarified that this does not mean the decision itself has been reversed.

A White House order to freeze federal grants reflects a theory of presidential power that Donald Trump clearly endorsed during his 2024 campaign. The approach was further outlined in the Project 2025 governing treatise that candidate Trump furiously denied was a blueprint for his second administration.

The Trump administration late Monday directed federal agencies to pause the disbursement of loans and grants while the government conducts a review to ensure spending aligns with President Trump’s

The Monday evening memo from Trump's White House Office of Management and Budget sparked uncertainty over a crucial financial lifeline for states, schools and organizations that rely on trillions of dollars from Washington.

The order sparked uncertainty over a crucial financial lifeline for states, schools and organizations that rely on trillions of dollars from Washington.

President Donald Trump's administration on Wednesday rescinded a widespread freeze most federal grants and loans just one day after it was issued amidst significant criticism, according to a memo a source provided to NBC News.