Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Alicia Adamczyk

Trump's order to freeze federal grants threatens Medicaid, student loans: What we know so far

Photo of the exterior of the White House (Credit: Bloomberg)

State and local governments have been thrown into chaos trying to interpret a pause in hundreds of billions of dollars worth of grants, loans, and other federal financial assistance ordered by the White House Office of Management and Budget (OMB) Monday night.

It is unclear how far-reaching the freeze is. But Americans of all ages, incomes, and careers could be impacted if the order goes into effect as planned, with low-income Americans getting hit particularly hard. While the freeze was set to take effect Tuesday at 5 p.m., a federal district judge granted an administrative stay in a case challenging it, pausing the plan for a week.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.