The White House budget office has ordered a pause on all federal grants and loans, according to an internal memorandum sent Monday.

Vaeth, the acting director of the Office of Management and Budget, said there would be a "temporary pause" in the "disbursement of all Federal financial assistance," effective from Tuesday at 5 p.m."This temporary pause will provide the Administration time to review agency programs and determine the best uses of the funding for those programs consistent with the law and the President's priorities,

The Trump administration has put a hold on all federal financial grants and loans, affecting tens of billions of dollars in payments.