Trump unleashed chaos by freezing and unfreezing $3tn in federal grants and loans. Why?

www.theguardian.com

Trump unleashed chaos by freezing and unfreezing $3tn in federal grants and loans. Why?

www.theguardian.com

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politics @lemmy.worldEnglish · 14 hours ago

Trump unleashed chaos by freezing and unfreezing $3tn in federal grants and loans. Why? | Robert Reich

www.theguardian.com

These new initiatives are not about shrinking the size of the federal government. They’re about centralizing control in Trump’s hands

Summary

Trump briefly froze $3 trillion in federal grants and loans, causing widespread disruption before rescinding the order amid legal challenges.

Critics argue the move, alongside recent freezes on DEI programs and foreign aid, is part of a broader effort to consolidate executive power.

Trump’s nominee for the Office of Management and Budget, Russ Vought, is expected to implement a more structured version of the freeze.

Trump’s actions, including incentivizing federal worker resignations, signal a shift toward oligarchic control.

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