The White House Office of Management and Budget on Wednesday rescinded a memo that froze federal grants and loans and created widespread confusion this week.

Several executive orders Trump signed last week pause or end some federal funding. Those executive orders, which remain in place, include the freezing of foreign aid, all funds to federal grantees who received money for DEI-related purposes and all funds appropriated through the Inflation Reduction Act.

The spending freeze on federal assistance could affect everything from aid to nonprofits, universities, small business loans and state and local government grants.

The White House is claiming the Wednesday move by the Office of Management and Budget (OMB) rescinding a controversial order that froze a wide swath of federal financial assistance is

One day after the White House announced a temporary pause on federal loans and grants, it rescinded the freeze.

A federal judge on Friday temporarily blocked U.S. President Donald Trump's administration from freezing federal loans, grants and other financial assistance to 22 states, barring the Republican for now from implementing a policy that had stoked confusion and fears about critical government-funded services being disrupted.

President Donald Trump issued a memo ordering a freezing of federal funds. After lawsuits and a federal judge issuing an injunction, the memo was rescinded.