White House Grant and Loan Freeze Sparks Economic Fears
Acting OMB chief Matthew Vaeth’s memo directs a temporary pause on federal grants, loans, and other financial assistance programs to align spending with President Trump’s priorities. While Medicaid and Social Security are excluded, the impact on numerous other programs—including cancer research and food assistance—remains uncertain. This action, following a near-total halt to foreign aid, has drawn criticism for its potential devastating consequences and potential legal challenges concerning presidential authority over congressionally-apportioned funds. The memo specifically cites foreign aid, NGOs, DEI initiatives, and “woke” policies as targets for review.
John Q. Hosedrinker