White House Budget Office Orders Pause in All Federal Loans and Grants
The full extent of the order was not immediately clear, but the directive sent to government agencies on Monday threatened to paralyze a vast swath of federal programs.
White House budget office rescinds memo ordering funding freeze after chaos
The White House memo issued late Monday led to chaos and confusion as to what programs would be impacted by the freeze.
White House Revokes Spending Freeze in the Face of Legal Challenges
WASHINGTON - President Donald Trump's administration pulled back a proposed spending freeze that threatened to disrupt hundreds of billions of dollars in aid to U.S. programs, a White House official said on Wednesday.
White House Budget Freeze Tried to Flip Script on Busted Budget Process
Presidents from both parties, including Trump, have let the budget grow and grow. The White House is trying to make changes on its own.
White House defends dramatic federal funding freeze
White House press secretary Karoline Leavitt vehemently defended the administration’s sweeping freeze on federal aid, arguing Tuesday in her first press briefing that it was critical to scrutinize the scope of the government’s spending.
Balance of Power: White House Reverses Spending Freeze
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill
US To See Rising Debt, Deficit In Next Decade: Budget Office
The United States is set to see its debt level swell to a record over the coming decade, the Congressional Budget Office said Friday, days before President-elect Donald Trump takes office.
Congressional Democrats take victory lap over OMB rescinding aid freeze memo
The Office of Management and Budget rescinded a memorandum halting nearly all federal financial assistance just one day after issuing it.
Treasury will begin steps to avoid debt default as Trump takes office
As President-elect Donald Trump prepares to take office, the U.S. government ... the full faith and credit of the United ...
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Wisconsin's congressional members respond to Trump's federal funding freeze, question separation of powers
Following widespread confusion on Tuesday after President Donald Trump's move to pause federal funding, the White House is ...
Federal budget deficit expected to soar to $2.7 trillion in 2035, highlighting pressure on GOP
As congressional Republicans struggle to keep deficits in check while extending their sweeping 2017 tax cuts, the ...
New budget projections show US hitting debt record in 4 years: CBO
The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track ...
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States go after Trump funding pause in court
The pause takes effect at 5 p.m., and agencies have been instructed to provide OMB “detailed information” on affected programs by Feb. 10. The states’ lawsuit — which will also be joined by the ...
US budget deficit to hit $1.9 trillion in 2025: CBO
The Congressional Budget Office (CBO) projected on Friday that the federal budget deficit would hit $1.9 trillion in fiscal ...
Trump’s gusher of misleading economic statistics at Davos
In virtual remarks to the annual meeting of the World Economic Forum in Davos, Switzerland, President Donald Trump on ...