Trump to order sweeping freeze of funding for grants and loans

Summary:

Donald Trump is set to suspend US government grants, loans, and other federal assistance later today, according to a leaked memo confirmed by CBS News, BBC's US partner. While it is unclear which specific programs will be impacted, the suspension could affect programs worth trillions of dollars. Senate Democratic Minority Leader Chuck Schumer has warned that the pause will lead to missed payrolls, rent payments, and widespread "chaos." White House Press Secretary Karoline Leavitt will hold her first-ever briefing at 1:00 PM EST (6:00 PM GMT), which can be watched live. The pause is scheduled to begin at 5:00 PM EST (10:00 PM GMT). This move follows President Trump’s commitment to improving government efficiency, including halting all US aid programs overseas.