The White House Office of Management and Budget (OMB) rescinded a memo Wednesday that had ordered a "temporary pause" on federal funding and unleashed major confusion across the country. Why it matters: It's an astonishing reversal by the Trump administration,

President Donald Trump issued a memo ordering a freezing of federal funds. After lawsuits and a federal judge issuing an injunction, the memo was rescinded.

The order that froze trillions of dollars of federal grants and loans was published without vetting by key officials in the White House.

After major backlash, Trump’s radical plan to freeze government spending is on hold. Now, it’s all very confusing and somewhat opaque — which, under Trump, is by design — but here’s what appears to have happened: We often forget that Trump has frequently been cowed by public opinion when it turns against him.

Cruz, who is chairman of the Senate Commerce Committee, has said that Congress will do a thorough review of the program early in 2025. Levin's research note said the NTIA was likely to have paused spending even if the Trump administration hadn't tried to freeze funding.

Here’s where things stand with funding for SBA loans, federal contracts, and other programs. This has already been a confusing week for any business that receives loans or funding from the federal government.

Democrats are taking credit for ginning up a public reaction to a funding “pause.” But this is just the first of many battles.

The Trump administration, days after issuing a memo that froze federal spending on grants and loans, backpedaled Wednesday intending to “end any confusion” but instead only added to

Consumer sentiment fell in January for the first time in six months, according to U-M survey. What's next as Trump creates more uncertainty?

A federal funding freeze announced by President Donald Trump’s administration this week sparked concern in the public health community about the fate of crucial services and the communities served by them.

A nonprofit group tied to House Democratic leadership is already planning an ad slamming the Trump administration's funding freeze, Axios has learned. Why it matters: House Minority Leader Hakeem Jeffries (D-N.