A memo from the White House Office of Management and Budget reportedly ordered a pause of federal grants, loans and other financial-assistance programs.

The Trump administration has put a hold on all federal financial grants and loans, affecting tens of billions of dollars in payments.

Democrats are sounding the alarm over President Trump’s move to freeze funding approved in two of former President Biden’s signature laws. Trump issued an executive order pausing

The freeze – which could resume later – has left organizations and government agencies on the local, state and federal levels in flux.

President Donald Trump’s budget office rescinded an order freezing spending on federal grants, less than two days after it sparked widespread confusion and legal challenges across the country, according to two people familiar with the matter.

The Monday evening order from the White House Office of Management and Budget sparked uncertainty over a crucial financial lifeline for states, schools and organizations that rely on trillions of dollars from Washington.

Kennedy once again betrays his ignorance about Medicaid. “The premiums are too high, the deductibles are too high, and everybody’s getting sicker,” he said. But Medicaid has no premiums or ...

Editor’s note: This is issue 11 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Jan. 13–19, 2025. This newsletter was until recently titled “Ukrainian Economy in Brief." The digest highlights steps ...

The directive, which a federal judge has temporarily blocked from going into effect, has unleashed furious reactions from lawmakers, mostly Democrats and a few Republicans. Many have cited the US constitution's provision saying that "the power of the purse" lies with the Congress rather than the executive branch.

Trump in his first days in office has leaned in on the idea that OPEC+, the alliance of oil producing nations, holds the key to ending the war by reducing oil prices.

The temporary moratorium on some federal financial assistance programs was set to take effect Tuesday, setting off widespread confusion.

Trump spoke by video from the White House to the annual summit in Davos, Switzerland, on his third full day in office.