White House Rescinds Order Freezing Federal Loans + Grants

Well, that was quick – the Trump administration reversed itself and rescinded an executive order that froze massive amounts of funding that affected kids, seniors, and military service members. Gee, who’d have thunk folks would have a problem with that?

Breaking News: The White House rescinded an order that froze trillions of dollars in grants and loans, according to two officials familiar with the matter.

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— The New York Times (@nytimes.com) January 29, 2025 at 10:23 AM

From the New York Times:

The White House rescinded an order on Wednesday that froze up to trillions of dollars in federal grants and loans and sparked mass confusion across the country.

The initial directive interrupted the Medicaid system that provides health care to millions of low-income Americans and sent schools, hospitals, nonprofits, research companies and law enforcement agencies scrambling to understand if they had lost their financial support from the federal government.

A federal judge in the District of Columbia on Tuesday afternoon temporarily blocked the order in response to a lawsuit filed by Democracy Forward.

*WHITE HOUSE RESCINDS FREEZE ON FEDERAL GRANTS

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— Ivan the K ™☑️ (@ivanthek.bsky.social) January 29, 2025 at 10:03 AM

White House rescinds order freezing funds for federal grants and loans


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