Friday, January 31, 2025
HomeloansDonald Trump At Risk for an Unemployment 'Valentine's Day Massacre'

Donald Trump At Risk for an Unemployment ‘Valentine’s Day Massacre’

WASHINGTON — The Trump administration on Wednesday rescinded an order putting a widespread freeze on most federal grants and loans amid significant criticism, according to a new White House memo a source provided to NBC News.
A senior administration official confirmed the rescission Wednesday, which was ordered by the Office of Management and Budget.
A federal district judge on Tuesday evening temporarily halted the initial order, which sparked chaos and confusion across Washington. Democrats, who aggressively pushed back against the order, celebrated the rescission of the memo soon after it was reported Wednesday.

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