Trump Pausing All Federal Grants and Loans

Cheddar News

President Trump pausing all federal grants and loans, potentially impacting trillions in government spending and freezing public programs that impact millions.

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00:00President Trump pausing all federal grants and loans potentially impacting

00:05trillions in government spending and freezing public programs that impact

00:09millions of Americans. The pause, which takes effect at 5 p.m. Eastern Time

00:13Tuesday, will not affect Social Security nor Medicare benefits. A memo from the

00:19White House Office of Management and Budget says the pause applies to quote

00:23other relevant agency activities that may be implicated by the executive

00:28orders, including, but not limited to, financial assistance for foreign aid,

00:33non-governmental organizations, DEI, woke gender ideology, and the Green New Deal.

00:40Democratic Senator Chuck Schumer says it will mean missed payrolls and rent

00:45payments and everything in between chaos for everything from universities to

00:51nonprofit charities.

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