The White House Office of Management and Budget on Wednesday rescinded a memo that froze federal grants and loans and created widespread confusion this week.

The White House Office of Management and Budget (OMB) rescinded a memo Wednesday that had ordered a "temporary pause" on federal funding and unleashed major confusion across the country. Why it matters: It's an astonishing reversal by the Trump administration,

Democrats declared victory for blunting Trump’s momentum while the White House insisted it isn’t backing down.

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

The Trump administration’s push for a sweeping pause on federal grants and loans totaling potentially trillions of dollars is on hold for now, on the order of a federal judge.

The OMB memo had directed federal agencies to pause grants and loans pending a review of compliance with the agenda of President Donald Trump.

A federal judge blocked the funding freeze from going into effect, after a day in which Trump's White House scrambled to contain confusion.

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

In a two-sentence memo released Wednesday, the White House has rescinded their drive to pause all federal funding and grants. “OMB Memorandum M-25-13 is rescinded.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,

Two-sentence memo ends days-long threats that sent officials, agencies and nonprofits into tailspin over ‘unconstitutional’ threats