January 30, 2025 โ The White House has rescinded a two-page memo issued by the Trump administration that called for a broad pause in federal funding โ a move which would have halted potentially USD 3 trillion (EUR 2.8 trillion) in funding.
A memo released by the Office of Management and Budget (OMB) called for a โtemporary pause of agency grant, loan, and other financial assistance programsโ which would have taken effect at 5 p.m. EST 28 January. The memo said it was meant to impact programs that may have been implicated by Trumpโs earlier executive orders, โincluding but not limited to, financial assistance for foreign aid, nongovernmental organizations, DEI, woke gender ideology, and the green new deal.โ