The US government has many ways to funnel financial support to businesses, both large and small, helping them to do research and development, expand operations, hire and pay staff, and compete in the global market place.

President Donald Trump’s budget office has rescinded a memo freezing spending on federal grants, less than two days after it sparked widespread confusion and legal challenges across the country

The Trump administration on Wednesday rescinded its sweeping freeze of federal assistance, which roiled Washington and caused widespread confusion about which programs were affected by the move, according to a copy of the memo obtained by POLITICO.

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

The White House order freezing federal grants caused mass chaos and confusion across Washington, appearing to imperil government programs that fund schools, provide housing and en