The White House Office of Management and Budget on Wednesday rescinded a memo that froze federal grants and loans and created widespread confusion this week.

The White House Office of Management and Budget (OMB) rescinded a memo Wednesday that had ordered a "temporary pause" on federal funding and unleashed major confusion across the country. Why it matters: It's an astonishing reversal by the Trump administration,

Earlier this week, a federal judge in Washington issued a separate temporary restraining order against OMB’s instructions, minutes before the funding freeze had been set to take effect. The order, which is set to expire Monday, prompted the White House to walk back OMB’s memo, and DOJ has since asked the court to dismiss the case.