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On January 27, 2025, memo M-25-13 was released by Matthew Vaeth, acting director for the Office of Management and Budget (OMB). [1] [2] The memo said that the federal government of the United States in fiscal year 2024 spent over $3 trillion in federal "financial assistance, such as grants and loans", criticized the usage of "resources to advance Marxist equity, transgenderism, and [Green New ...
A federal judge temporarily blocked part of the Trump administration’s pause on federal grants and loans Tuesday, just hours before it was set to take effect, as a slew of advocacy groups ...
A sweeping freeze on trillions in federal spending for grants and loans, issued Monday night by the White House budget office to federal agencies without fanfare, sparked outrage and confusion ...
Federal judge temporarily blocks funding freeze after memo ordered: ‘Financial assistance for foreign aid, nongovernmental organizations, DEI, woke gender ideology, and the Green New Deal”
Since 1976, when the United States budget process was revised by the Budget Act of 1974 [1] the United States Federal Government has had funding gaps on 22 occasions. [2] [3] [4] Funding gaps did not lead to government shutdowns prior to 1980, when President Jimmy Carter requested opinions from Attorney General Benjamin Civiletti on funding gaps and the Antideficiency Act.
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.