Yahoo Finance

The Trump administration issued a directive to halt federal aid, including grants and loans, as part of a review. Matthew J. Vaeth, acting director of the Office of Management and Budget, stated: "All federal agencies must temporarily pause all activities related to obligation or disbursement of all Federal financial assistance..."

However, a federal judge has blocked the implementation of this order until Monday, February 3rd.

Yahoo Finance Senior Reporter Jordan Weissmann analyzes the scope of the proposed spending freeze and the resulting controversy it has sparked on Capitol Hill.

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This post was written by Angel Smith