U.S. President Donald Trump appears to be like on as he speaks to reporters aboard Air Pressure One earlier than arriving at Joint Base Andrews, Maryland, U.S., Jan. 27, 2025.
Elizabeth Frantz | Reuters
The White House on Wednesday formally rescinded a controversial memo that had ordered a freeze on federal grants and loans to offer businesses time to assessment applications for his or her compliance with President Donald Trump‘s agenda, NBC Information reported.
The freeze, which had been set to take impact late Tuesday afternoon, was paused Tuesday by a federal judge to offer her time to think about arguments by nonprofit groups difficult its legality.
The memo ordering the freeze had been issued by the Workplace of Administration and Finances. It instantly sparked confusion about which applications can be affected and was suspected of inflicting Medicaid reimbursement portals to go offline for all 50 states on Tuesday.
Appearing OMB Director Matthew Vaeth, in a brand new memo issued Wednesday, wrote, “OMB Memorandum M-25-13 is rescinded. If in case you have any questions on implementing the President’s Govt Orders, please contact your company Common Counsel.”
An activist protests in opposition to President Donald Trump’s plan to cease most federal grants and loans throughout a rally close to the White Home on Jan. 28, 2025 in Washington, DC.
Anna Moneymaker | Getty Photographs
NBC Information obtained Vaeth’s new memo from a severe. A senior administration official confirmed to NBC that the unique OMB memo is rescinded, and stated that further steerage is to come back.
CNBC has requested remark from OMB.
– CNBC’s Kevin Breuninger contributed to this text.
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