
News Link • Government Debt & Financing
White House Clarifies "Reversal" Of Freeze On Federal Grants
• Zero HedgeUpdate (1345ET): Moments ago, White House Press Secretary Karoline Leavitt clarified the report - saying in a statement on X: "
This is NOT a rescission of the federal funding freeze.
It is simply a rescission of the OMB memo."
Leavitt added that "The President's EO's on federal funding remain in full force and effect, and will be rigorously implemented."
This is NOT a rescission of the federal funding freeze.
— Karoline Leavitt (@PressSec) January 29, 2025
It is simply a rescission of the OMB memo.
Why? To end any confusion created by the court's injunction.
The President's EO's on federal funding remain in full force and effect, and will be rigorously implemented.