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Thursday, January 30, 2025

Trump freezes federal grant payments in surprise move

Trump freezes federal grant payments in surprise move

By Mike Allen, Axios

The Trump administration temporarily paused federal grant, loan and other financial assistance programs, effective 5 p.m. ET Tuesday.

Why it matters: The suspension will provide the administration with time to review agency programs and determine the best uses of funding for those programs consistent with the law and Trump’s priorities, says a White House Office of Management and Budget memo, via Reuters.

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