The Trump administration has put a hold on all federal financial grants and loans, affecting tens of billions of dollars in payments.

The White House Office of Management and Budget on Wednesday rescinded a memo that froze federal grants and loans and created widespread confusion this week.

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

The full extent of the order was not immediately clear, but the directive sent to government agencies on Monday threatened to paralyze a vast swath of federal programs.

The White House budget office on Wednesday rescinded an order freezing federal grants, according to a copy of a new memo obtained by The Washington Post, after the administration’s move to halt spending earlier this week provoked a backlash.

A federal judge temporarily blocked President Donald Trump's freeze of federal funding. Will Medicare, Social Security or Medicaid be affected? Here's what to know.

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

President Donald Trump’s budget office has rescinded a memo freezing spending on federal grants, less than two days after it sparked widespread confusion and legal challenges across the country

The Trump administration ordered a temporary pause on federal grants, loans and financial assistance. What we know so far about the order.

Fox News senior White House correspondent Jacqui Heinrich reports on the Trump administration’s decision to rescind its freeze on federal grants on ‘America Reports.'

While CLASS, Healthy Living for All, will be greatly impacted as an agency by the Trump administration's temporary pause on grant, loan and other financial assistance programs at the Office of Management and Budget,