White House Halts Federal Grants and Loans, Sparking Outrage and Fears of Economic Collapse
A White House memo has instituted a temporary freeze on all federal grants and loans, excluding Social Security and Medicare benefits, effective Tuesday at 5 p.m. This action, justified as a review of agency programs to align spending with presidential priorities, potentially impacts trillions in government spending and numerous public programs. The pause has prompted strong criticism from Democrats and nonprofits, who warn of devastating consequences for vital services and research. Exceptions may be granted on a case-by-case basis, and agencies must submit program details by February 10th.
John Q. Hosedrinker