The Trump administration has put a hold on all federal financial grants and loans, affecting tens of billions of dollars in payments.

The full extent of the order was not immediately clear, but the directive sent to government agencies on Monday threatened to paralyze a vast swath of federal programs.

The Trump administration has temporarily paused grant, loan and other financial assistance programs at the Office of Management and Budget, according to a memo seen by Reuters.

The White House budget office has ordered a pause on all federal grants and loans, according to an internal memorandum sent Monday.

It called for all federal agencies to ensure that their grants and programs aligned with the new Trump administration's priorities.

The Office of Management and Budget instructed federal agencies to pause any financial aid programs that might conflict with President Donald Trump's executive orders.