01:34 PM EST, 01/29/2025 (MT Newswires) -- (Updates with additional information in the second paragraph.)

The White House budget office on Wednesday rescinded an order freezing federal grants, The Washington Post reported, citing a copy of a memo it obtained.

The order was issued Monday by the Trump administration to federal agencies to temporarily pause all federal financial assistance activities.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)