The White House Office of Management and Budget (OMB) rescinded a memo Wednesday that had ordered a "temporary pause" on federal funding and unleashed major confusion across the country.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 After lawsuits and a federal judge issuing an injunction, the memo was rescinded.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’s plan to implement a sweeping freeze of federal aid sparked immediate confusion, uncertainty and downright panic among nonprofits, local governments and other groups, many of which provide aid and services to some of the most at-need residents in Southern California.

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