The White House Office of Management and Budget on Wednesday rescinded a memo that froze federal grants and loans and created widespread confusion this week.

The White House budget office Wednesday rescinded the federal aid freeze, according to multiple media reports citing an administration memo.

Several executive orders Trump signed last week pause or end some federal funding. Those executive orders, which remain in place, include the freezing of foreign aid, all funds to federal grantees who received money for DEI-related purposes and all funds appropriated through the Inflation Reduction Act.

The spending freeze on federal assistance could affect everything from aid to nonprofits, universities, small business loans and state and local government grants.

The Trump administration has rescinded an order attempting to put a widespread freeze on federal aid spending. NBC News' Sahil Kapur reports from Capitol Hill on the order and the initial confusion it caused.

One day after the White House announced a temporary pause on federal loans and grants, it rescinded the freeze.

A federal funding freeze announced by President Donald Trump’s administration this week sparked concern in the public health community about the fate of crucial services and the communities served by them.

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 After lawsuits and a federal judge issuing an injunction, the memo was rescinded.