January 28, 2025 at 02:12AM
Washington Post is gated, but here is, in brief, what they are reporting:
White House pauses all federal grants, sparking confusion
Trillions of dollars
could be on hold, according to an Office of Management and Budget
memo.
The White House budget office is ordering a pause to all grants and
loans disbursed by the federal government, according to an internal
memo sent to agencies Monday, creating significant confusion across
Washington.
In a two-page
document, Matthew J. Vaeth, the acting director of the White House
Office of Management and Budget, instructs federal agencies to
“temporarily pause all activities related to obligations or
disbursement of all Federal financial assistance.” The memo, a copy
of which was obtained by The Washington Post, also calls for each
agency to perform a “comprehensive analysis” to ensure its grant
and loan programs are consistent with President Donald Trump’s
executive orders, which aimed to ban federal diversity, equity and
inclusion initiatives, and limit clean energy spending, among other
measures.
This article was written by Eamonn Sheridan at www.forexlive.com.
