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The White House Office of Management and Budget on Wednesday rescinded a memo that froze federal grants and loans and created widespread confusion this week.

President Donald Trump’s budget office rescinded an order freezing spending on federal grants, less than two days after it sparked widespread confusion and legal challenges across the country, according to two people familiar with the matter.

The White House budget office on Wednesday rescinded an order freezing federal grants, according to a copy of a new memo obtained by The Washington Post, after the administration’s move to halt spending earlier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

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 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 full impact of the pause is not yet clear, although the memo specifies that Medicaid and Social Security benefits are not affected.

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

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

President Donald Trump’s budget office has rescinded a memo freezing spending on federal grants, less than two days after it sparked widespread confusion and legal challenges across the country