Did Trump Freeze Social Security? Federal Funding Pause Explained
Donald Trump ordered a sweeping clampdown on government spending within days of entering the White House.
An internal memorandum sent on Monday by the Office of Management and Budget ordered federal agencies to pause all grants and loans that have already been approved by the government. Some people are concerned about whether that means Social Security and other vital payments will be blocked.
Federal agencies "must temporarily pause all activities related to obligation or disbursement of all Federal financial assistance," White House Office of Management and Budget acting director Matthew Vaeth said in the memorandum seen by Newsweek.
Why It Matters
Social Security benefits are a vital source of income for tens of millions of Americans. An estimated 53 million retirees—roughly 16 percent of the population—were collecting monthly payments at the end of 2024.
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