A freeze on all federal grants and loans
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 28 January 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
The Trump administration is ordering a temporary pause of all federal grants and loans, which takes effect at the end of today. The order came in a memo from the Office of Management and Budget and leaves a lot of questions unanswered. Also, workers at a Whole Foods store in Pennsylvania have voted to unionize, and we look at how the Congressional Review Act could allow Republicans to roll back some Biden-era regulations.
Transcript
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| 0:00.0 | A freeze on all federal grants and loans. |
| 0:06.0 | From Marketplace, I'm Sabri Beneshore in for David Bruncaccio. |
| 0:09.3 | The Trump administration is ordering a temporary pause of all federal grants and loans. |
| 0:14.8 | It takes effect at the end of today. |
| 0:16.6 | The order came yesterday in a memo from the Office of Management and Budget. |
| 0:20.0 | As Marketplaces and Nancy Marshall-Genzor reports, it leaves a lot of questions unanswered. |
| 0:26.0 | The memo says taxpayer dollars should be spent on things like energy and manufacturing, |
| 0:30.7 | and their money is wasted on things like, quote, Marxist equity and transgenderism. |
| 0:36.0 | It also says Medicare and Social Security benefits will not be |
| 0:40.2 | impacted and neither will, quote, assistance provided directly to individuals. So, will USDA loans to |
| 0:48.1 | black and Native American farmers be frozen? Another question, is this legal? Senate Minority Leader Chuck Schumer doesn't think so. |
| 0:56.3 | He sent out a statement last night saying the Trump administration must reverse course immediately, |
| 1:02.0 | adding that Congress approved these investments and they are not optional. They are the law. |
| 1:07.3 | The memo does say that federal agencies should cancel awards in conflict with administration priorities, quote, to the extent permissible by law, they have to submit detailed information on any program subject to the pause by February 10th. |
| 1:22.0 | I'm Nancy Marshall Genser for Marketplace. |
| 1:25.3 | Workers at a Whole Food Store in Pennsylvania have voted to unionize. |
| 1:29.6 | It's the latest organizing effort by workers at parent company Amazon, but this one is different. |
| 1:34.6 | Most other efforts have focused on Amazon's warehouse and delivery workers. |
| 1:38.2 | Marketplace's Nova Sappho has more. |
| 1:40.3 | The unionization vote at the Philadelphia Whole Food Store was close, 134, 100 against, according to the National Labor Relations Board. |
| 1:48.9 | Still, it marks the first time that Amazon grocery workers have voted to unionize. |
| 1:53.8 | The focus has previously been mostly on the retail giant's delivery operations. |
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