President Trump pausing all federal grants and loans, potentially impacting trillions in government spending and freezing public programs that impact millions.
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00:00President Trump pausing all federal grants and loans potentially impacting
00:05trillions in government spending and freezing public programs that impact
00:09millions of Americans. The pause, which takes effect at 5 p.m. Eastern Time
00:13Tuesday, will not affect Social Security nor Medicare benefits. A memo from the
00:19White House Office of Management and Budget says the pause applies to quote
00:23other relevant agency activities that may be implicated by the executive
00:28orders, including, but not limited to, financial assistance for foreign aid,
00:33non-governmental organizations, DEI, woke gender ideology, and the Green New Deal.
00:40Democratic Senator Chuck Schumer says it will mean missed payrolls and rent
00:45payments and everything in between chaos for everything from universities to
00:51nonprofit charities.