Citing an internal memo sent by the Office of Management and Budget to agencies Monday, the Washington Post (WaPo) reported early Tuesday that “the White House budget office is ordering a pause to all grants and loans disbursed by the federal government.”

Additional takeaways

“Trillions of dollars could be on hold.”

“Matthew J. Vaeth, the acting director of the White House Office of Management and Budget, instructs federal agencies to “temporarily pause all activities related to obligations or disbursement of all Federal financial assistance.”

“Each agency called to perform a “comprehensive analysis” to ensure its grant and loan programs are consistent with President Donald Trump’s executive orders, which aimed to ban federal diversity, equity and inclusion initiatives, and limit clean energy spending, among other measures.”