The White House has temporarily frozen all federal grants and loans, affecting billions of dollars in payments

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The White House has temporarily frozen all federa .. loans, affecting billions of dollars in payments

The White House has temporarily frozen all federal grants and loans, affecting billions of dollars in payments

^{Published on 2025-01-28 12:40:46 - MSN}

It called for all federal agencies to ensure that their grants and programs aligned with the new Trump administration's priorities.

The White House has temporarily frozen all federal grants and loans, impacting billions of dollars in payments. This decision, announced by the Office of Management and Budget, aims to review and potentially reform the distribution process to ensure efficiency and reduce waste. The freeze affects various sectors including education, housing, and small business support, causing delays in funding for numerous programs. While this move has sparked concerns among recipients and stakeholders about immediate financial impacts, the administration insists it is a necessary step to modernize and streamline federal funding mechanisms. The review process is expected to last several weeks, with exceptions for emergency funding and critical services.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/news/politics/the-white-house-has-temporarily-frozen-all-federal-grants-and-loans-affecting-billcnnons-of-dollars-in-payments/ar-AA1xYCrQ ]

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