The Trump administration retreated from its attempt to freeze trillions of dollars allocated by Congress, including grants, loans and financial assistance, after triggering a national uproar and a rap on the knuckles from a federal judge who partially blocked the potentially unconstitutional edict before it could take effect.

President Donald Trump rescinded an order freezing an array of federal grants, loans and financial assistance — a dramatic reversal after days of uncertainty and anxiety rocked governments and nonprofit organizations.

To Bolsonaro, Trump’s return to the White House is a manifestation of the political faith that he invested in his fellow president. Bolsonaro, dubbed the “Trump of the Tropics,” sees vindication everywhere he looks — and regards Trump as his potential path to political redemption.

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, senior economy editor Ben Holland looks at behind the Trump administration order pausing some government spending.

After Pete Hegseth won confirmation by a single vote to become defense secretary, Donald Trump’s entourage is mobilizing to bolster Tulsi Gabbard, another of the president’s imperiled nominees for a top national security post.

Department of Justice officials have discussed with Manhattan prosecutors dropping corruption charges against New York City Mayor Eric Adams, according to the New York Times, which cited people with knowledge of the situation.

This story incorporates reporting from ABC, Bloomberg L.P. and The Mountaineer.The Federal Reserve is anticipated to sustain its current interest rates, putting it potentially at odds with President Donald Trump,

Philippine President Ferdinand Marcos Jr. said he wants to meet with US President Donald Trump to discuss immigration policy amid reports that some Filipinos are at risk of deportation.

Shares in TMTG, trading under the DJT ticker symbol on the Nasdaq, are down more than 21 percent over the past five trading sessions.

Hewlett Packard Enterprise Co. representatives met with Donald Trump’s antitrust enforcers on Tuesday over its $14 billion bid to buy Juniper Networks Inc., according to people familiar with the matter.

The US merchandise-trade deficit widened in December to a record as the value of imports increased, highlighting a key issue that President Donald Trump aims to rectify in his second term.

Nasdaq Inc. Chief Executive Officer Adena Friedman said she expects a strong environment for initial public offerings in the second quarter and balance of 2025 as investors gain confidence from stabilizing interest rates and inflation.