Both private and public colleges and universities, including many in Michigan, rely on grants to provide resources and opportunities to their faculty and students. Political science professor Mitchel Sollenberger says that loss could be significant.

The Trump admin's federal funding freeze will not impact individual assistance going directly to Americans, Karoline Leavitt said during her first press briefing.

The federal pause does not affect federal student loans or Pell Grants, but its impact on other student aid programs remains unclear.

The Fed is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after Trump said he would soon demand lower rates.

President Donald Trump may want lower interest rates, but the Federal Reserve will almost certainly keep its benchmark interest rate unchanged at its two-day policy meeting that ends Wednesday

Federal Reserve officials are expected to leave interest rates steady this week, giving themselves more time to lower inflation and to assess how President Donald Trump’s policies will affect the economy.