White House pauses federal grant, loan other assistance programs

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The Trump Administration Just Froze All Federal Grants and Loans

[ Tue, Jan 28th ] - Reuters

White House pauses federal grant, loan other assistance programs

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White House pauses federal grant, loan other assistance programs

_{//politics-government.news-articles.net/content/ .. ederal-grant-loan-other-assistance-programs.html}
^{Published in Politics and Government on Tuesday, January 28th 2025 at 15:00 GMT by Reuters}

The Trump administration has temporarily paused grant, loan and other financial assistance programs at the Office of Management and Budget, prompting criticism from congressional Democrats.

The White House has announced a pause on most federal grant, loan, and other assistance programs starting from January 28, 2025, until the end of the partial government shutdown. This decision affects numerous programs including housing, small business, and agriculture assistance, as well as federal contracts. The pause aims to conserve funds during the shutdown, with exceptions for essential services like Medicare, Social Security, and veterans' benefits. The Office of Management and Budget (OMB) has directed agencies to stop new obligations and expenditures, except where necessary to protect life and property. This action follows a failure by Congress to pass a funding bill, leading to the shutdown.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/us/white-house-pauses-federal-grant-loan-other-assistance-programs-2025-01-28/ ]

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