White House rescinds memo freezing federal money after widespread confusion
- Posted on January 30, 2025
- By Business News Today
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White House rescinds memo freezing federal money after widespread confusion
President Trump's budget office reversed a memo freezing federal loans and grants spending, causing widespread confusion. The memo aimed to reassess program alignment with Trump's executive orders on issues like climate change and diversity, but its rescission led to relief among organizations relying on federal funding.