The Trump administration’s Office of Management and Budget released a new memo Wednesday rescinding a controversial memo issued late Monday that froze a wide swath of federal financial

The Trump administration has withdrawn a memo that caused significant issues by canceling federal loans and grants—though a spokesperson clarified that this does not mean the decision itself has been reversed.

NH officials and nonprofit leaders scrambled for clarity after President Donald Trump’s Office of Management and Budget issued a memo ordering a freeze on nearly all federal financial assistance programs.

A White House order to freeze federal grants reflects a theory of presidential power that Donald Trump clearly endorsed during his 2024 campaign. The approach was further outlined in the Project 2025 governing treatise that candidate Trump furiously denied was a blueprint for his second administration.

A U.S. judge on Wednesday said he was inclined to temporarily block the Trump administration from pausing federal loans, grants and other financial assistance, intervening at the behest of Democratic state attorneys general amid confusion over White House spending policy.

The Monday evening memo from Trump's 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.

A federal judge signaled he will issue a temporary restraining order barring the Trump administration from freezing federal loans and grants.

The Trump administration on Wednesday rescinded a sweeping directive to pause federal loans, grants and other financial assistance, a White House official said, just shortly before it was set to appear in court for a second straight day to defend the policy.