By Scripps News Staff | Denver 7
The White House is taking drastic measures to control trillions of federal dollars by ordering a freeze on all federal grants and loans so President Donald Trump’s administration can review government spending.
The temporary pause is slated to go into effect Tuesday at 5 p.m. ET and blocks the disbursement of nearly all federal funding. The order also directs all federal agencies to submit detailed reports on “any programs, projects or activities subject to this pause” by no later than Feb. 10, 2025.
“The use of Federal resources to advance Marxist equity, transgenderism, and green new deal social engineering policies is a waste of taxpayer dollars that does not improve the day-to-day lives of those we serve,” Office of Management and Budget Acting Director Matthew Vaeth said in a memo.