The White House has announced a sweeping pause on all federal grants and loan disbursements, effective January 28 at 5 p.m. Veur has the story!
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00:00The White House has announced a sweeping pause on all federal grants and loan disbursements effective January 28 at 5 p.m
00:08According to a memo from the Office of Management and Budget the freeze halts trillions in spending but excludes Social Security
00:16Medicare and direct aid to individuals
00:19The administration says the pause allows a review of funding to align with its priorities
00:25including reducing inflation and cutting DEI and Green New Deal programs
00:30Critics including top Democratic lawmakers have condemned the action
00:35Senator Patty Murray and
00:37Representative Rosa DeLauro called the decision breathtaking and warned of devastating consequences
00:44Senate Minority Leader Chuck Schumer echoed these concerns stating the freeze jeopardizes billions in grants
00:50impacting universities
00:52nonprofits and families nationwide
00:55The White House has indicated
00:57exceptions may be granted on a case-by-case basis with agencies required to submit detailed reports by
01:04February 10