Retirees can breathe a sigh of relief, at least for now. While the White House budget office ordered a pause on all federal grants and loans effective as of 5:00 pm on Tuesday January 28, the short-lived action was rescinded Wednesday after it caused chaos and confusion. While Social Security and Medicare were excluded from the list, other programs that provide support to older adults could have lost temporary funding.
“OMB Memorandum M-25-13 is rescinded. If you have questions about implementing the President’s Executive Orders, please contact your agency General Counsel,” a memo obtained by CNN read.
