The White House Office of Management and Budget on Wednesday rescinded a memo that froze federal grants and loans and created widespread confusion this week.

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

Officials said the decision to halt loans and grants was necessary to ensure spending complies with recent executive orders.

The Trump administration reversed its policy to freeze grants and loans while officials evaluated whether spending met the president's priorities.

In a two-sentence memo released Wednesday, the White House has rescinded their drive to pause all federal funding and grants. “OMB Memorandum M-25-13 is rescinded. If you have any questions about implementing the President’s Executive Orders,

One day after the White House announced a temporary pause on federal loans and grants, it rescinded the freeze.

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 Trump administration’s pause on federal grant programs sent shock waves through schools and colleges Tuesday. A judge temporarily blocked the action.

The White House on Monday ordered a pause on federal grants and loans, according to a memo, but the Department of Education said the freeze will not affect student loans or financial aid for college.