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All federal grants and loan disbursement paused by White House

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The White House budget office has ordered a pause on all federal grants and loans, according to an internal memorandum sent Monday.
The article from CNN, published on January 27, 2025, discusses a temporary halt in the disbursement of federal grants and loans by the White House. This decision comes amidst concerns over potential fraud and mismanagement in federal funding programs. The pause aims to allow for a comprehensive review of the application and approval processes to ensure that funds are distributed efficiently and reach the intended recipients. This action has sparked a debate among policymakers, with some applauding the move as a necessary step to safeguard taxpayer money, while others criticize it for potentially delaying critical support to various sectors including small businesses, education, and infrastructure projects. The review is expected to last several weeks, during which time new applications will still be accepted but no funds will be disbursed.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/01/27/politics/white-house-pauses-federal-grants-loan-disbursement/index.html ]