President Donald Trump issued a memo ordering a freezing of federal funds. After lawsuits and a federal judge issuing an injunction, the memo was rescinded.

The Trump administration has withdrawn a memo that caused significant issues by canceling federal loans and grants—though a spokesperson clarified that this does not mean the decision itself has been reversed.

A White House order to freeze federal grants reflects a theory of presidential power that Donald Trump clearly endorsed during his 2024 campaign. The approach was further outlined in the Project 2025 governing treatise that candidate Trump furiously denied was a blueprint for his second administration.

The White House’s Office of Management and Budget issued a memo ordering a temporary halt to “all federal financial assistance,” potentially paralyzing a vast swath of federal programs.

A federal judge has issued an administrative stay, pausing the start date of the Trump administration’s federal funding freeze until Monday. The freeze was scheduled to take effect Tuesday at 5 p.m. ET.