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The White House's pause on federal grants and loans appears to be over. A memo sent by Matthew J. Vaeth at the OMB on Wednesday says that the memorandum is no longer in effect. The pause sparked ...
In the United States, federal grants are economic aid issued by the United States government out of the general federal revenue. A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States.
How much money is affected? The memo does not outline a sum of how much in federal grants must immediately be halted but says that federal financial assistance totaled $3 trillion in fiscal year 2024.
With President Donald Trump's administration temporarily freezing some federal grant funding, lawmakers on Tuesday warned that the move threatened to render Congress irrelevant as an institution.
In the United States, federal assistance, also known as federal aid, federal benefits, or federal funds, is defined as any federal program, project, service, or activity provided by the federal government that directly assists domestic governments, organizations, or individuals in the areas of education, health, public safety, public welfare, and public works, among others.
The memo reportedly said the federal government spent more than $3 trillion on federal assistance, including grants and loans, in the 2024 fiscal year and that the pause allows "time to review ...