The White House Office of Management and Budget on Wednesday rescinded a memo that froze federal grants and loans and created widespread confusion this week.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 on Wednesday issued a memo to federal employees scrapping its original memorandum, according to a document viewed by The Wall Street Journal. The two-line memo sen

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Officials said the decision to halt loans and grants was necessary to ensure spending complies with recent executive orders.

The new memorandum, just two sentences long, will allow agencies to continue their normal operations after uncertainty over the impact of the initial directive caused widespread chaos across government. It followed a temporary injunction by a federal judge that prevented the original Office of Management and Budget memo from taking effect.

The Trump administration reversed its policy to freeze grants and loans while officials evaluated whether spending met the president's priorities.

KEY TAKEAWAYS The White House has retracted a previous order that paused some grants, loans, and assistance the federal government awards to nonprofits and states.The prior order was supposed to take effect at 5 p.

The Trump administration ordered a temporary pause on federal grants, loans and financial assistance. What we know so far about the order.