In another bold executive action, President Donald Trump has authorized a broad freeze on $3 trillion in federal funds until his administration completes a full spending review. According to a two-page memo from Acting Director of the Office of Management and Budget Matthew J.

President Donald Trump’s pause on federal grants and loans has agencies and individuals scrambling as the fallout continues.

Unclear if sweeping executive order will affect Medicaid and other federal assistance programs for older Americans.

Nothing in this memo should be construed to impact Medicare or Social Security benefits,” the memo from the Office of Management and Budget reads.

The White House ordered a pause on all Federal grants and loans but left Social Security and Medicare off the list.

White House press secretary Karoline Leavitt said that Social Security, Medicare and food stamps would not be affected by the decision to freeze federal aid. NBC News’ Sahil Kapur reports on the Trump administration’s first White House press briefing and whether Medicaid could be among the programs affected.

U.S. Senator Ron Wyden, who has long been an advocate for healthcare access, condemned the apparent shutdown of Medicaid systems that looks to affect health coverage for millions of Americans

Investopedia spoke with Isabel Barrow at Edelman Financial Engines to discuss the changes the new Social Security Fairness Law will bring and the impact it could have on retirees.

The Social Security cost-of-living adjustment for 2025 is the lowest since the post-Covid inflation spike. Yet retirees still face high prices.

The two-page memo, which is set to take effect on Tuesday night, could impact lower-income households that rely on Medicaid, school breakfast and lunch programs; and the Special Supplemental Nutrition Program for Women,

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Your full retirement age depends on when you were born. Those born between 1943 and 1954 reached full retirement age at 66. Your full retirement age will increase by two months for each year you were born after 1954 until maxing out at age 67 for anyone born in 1960 or later.