Report that White House budget office is ordering a pause to all federal grants and loans

Washington Post is gated, but here is, in brief, what they are reporting: White House pauses all federal grants, sparking confusionTrillions of dollars could be on hold, according to an Office of Management and Budget memo. The White House budget office is ordering a pause to all grants and loans disbursed by the federal government, according to an internal memo sent to agencies Monday, creating significant confusion across Washington.In a two-page document, Matthew J. Vaeth, the acting director of the White House Office of Management and Budget, instructs federal agencies to “temporarily pause all activities related to obligations or disbursement of all Federal financial assistance.” The memo, a copy of which was obtained by The Washington Post, also calls for each agency to perform a “comprehensive analysis” to ensure its grant and loan programs are consistent with President Donald Trump’s executive orders, which aimed to ban federal diversity, equity and inclusion initiatives, and limit clean energy spending, among other measures. This article was written by Eamonn Sheridan at www.forexlive.com.