Trump Admin. Rescinds Freeze on Federal Grants and Loans

The White House formally rescinded a controversial memo that ordered a freeze on federal grants and loans.

Transcript

00:00The White House formally rescinding a controversial memo that ordered a freeze on all federal

00:05grants and loans.

00:07However, the administration contends the federal funding freeze remains, quote, full force

00:14and full effect to give agencies time to review programs for their compliance with President

00:19Trump's agenda.

00:21The freeze originally ordered by the Office of Management and Budget was set to take place

00:26late Tuesday, was paused by a federal judge to give her time to consider several arguments

00:32challenging its legality.

00:34Fears were the order would halt everything from school lunches to Medicaid reimbursements

00:39in all 50 states.