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

President Donald Trump's recent freeze on federal grants and loans has sparked concerns about how it might affect key social programs, particularly Social Security. But will retire

An internal memorandum sent on Monday by the Office of Management and Budget ordered federal agencies to pause all grants and loans.

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.

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

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.

Like most elected officials, Donald Trump recognizes that Social Security is vital to the financial well-being of our nation's retirees. But he's not oblivious to the fact that altering Social Security comes with potentially negative ramifications. While speaking at the Conservative Political Action Conference in March 2013, Trump said:

If passed, new legislation would allow disabled Americans to marry without losing Supplemental Security Income (SSI) benefits.

Letters: Musk, Ramaswamy will declare war on seniors. Developing good citizens is the key to our future. Democrats should call for Trump's resignation.

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

Trump continues his crackdown on illegal immigration and takes executive action on federal aid and DEI initiatives.