The White House Office of Management and Budget on Wednesday rescinded a memo that froze federal grants and loans and created widespread confusion this week.

The email is the most sweeping effort yet by the new Trump administration to shrink the ranks of government employees.

Officials said the decision to halt loans and grants was necessary to ensure spending complies with recent executive orders.

Two-sentence memo ends days-long threats that sent officials, agencies and nonprofits into tailspin over ‘unconstitutional’ threats

The White House budget office on Wednesday rescinded an order freezing federal grants after the administration’s move to halt spending earlier this week provoked a backlash.

The Trump administration’s Office of Management and Budget released a new memo Wednesday rescinding a controversial memo issued late Monday that froze a wide swath of federal financial

The Trump administration said Tuesday it is offering incentives for nearly all civilian federal workers to resign and warned of plans to shrink the size of the government. The "deferred resignation program" would allow federal employees to remain on the payroll through Sept.