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Trump Halts Trillions In Government Spending on Loans and Grants—What You Need to Know | Global News Avenue

Trump Halts Trillions In Government Spending on Loans and Grants—What You Need to Know

Key points

  • President Donald Trump has ordered the government to temporarily stop federal donations and loans to ensure that the expenditure is consistent with his policy priority, including “ending wok pollution.”
  • The memorandum will take effect at 5 pm on Tuesday and may affect the federal government’s $ 3 trillion in loans and gifts each year.
  • The federal awarded most of the economy, including education, medical care, transportation, medical research and agriculture.
  • Memorandum said that paying to individuals, including social security and medical insurance benefits, will not be affected. The Ministry of Education stated that student loans will continue.
  • Opponents say that the memorandum will undermine key services and violate the law, which gives Congress rather than the power of the president’s control of federal expenditure.

President Donald Trump’s command frozen trillion dollars of gifts and loans, but Congress leaders and legal experts said the move was illegal.

The White House Management and Budget Office posted a memorandum to federal agencies on Monday, instructing them to suspend $ 3 trillion in donations and some of the gifts in loans each year, and according to the documents obtained by the news media, including the news media New York TimesEssence

Comprehensive memorandum is exempted from “assistance provided directly to individuals”, including social security and medical insurance payment, but it does not indicate that federal payment can continue. Opponents, Chuck Schume, a minority leader of the Democratic Democratic Party from the New York Democratic Party, said Trump had no right to prevent Congress from preventing the federal expenditure authorized in the budget.

The suspension is scheduled to take effect at 5 pm on Tuesday, and the office must report to the White House before February 10. The memorandum instructions consistently consistent expenditure with Trump’s policy priorities, including “ending ‘WOKENESS'” and prevented “Marxist rights, transgenderism, and green new policies of green policies.”

Frozen may have economic impact

Frozen federal funds may affect the dependence of most economy. The federal government dispatched education, housing, medical care, medical research, nursery, transportation and other plans to the state and local governments and non -profit organizations. The government dispatches billions of dollars to farmers every year in the form of loans and subsidies.

As of Tuesday, federal agencies are working hard to continue. The Ministry of Education told INVESTOPEDIA that students’ loans and Perlisters will continue because they donate directly to individuals.

The command returned to Thomas Jefferson at least to restart a long -term conflict, that is, whether the president can refuse to spend money to spend money to allocate money for certain purposes.

The law passed after the water gate scandal in 1974 allows Congress to have the right to review the White House assigned by Congress to decide not to spend any money. According to the law, the money must be spent in 45 days, unless Congress clearly approved the seizure.

Opponents say that the command is illegal

Democrats and some legal experts exploded memo.

David A. Super (David A.

He wrote: “It may violate contracts and various federal laws, but if anything is done, it violates the Section Control Law.”

Shu Mo said that this move will endanger the billions of dollars of community donations and personal financial support.

“Congress approved these investment, they are not optional; they are laws,” he said in a statement. “This means missing the salary and rental payment and everything between the two: from university to non -profit charity institutions.”

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