The White House Office of Management and Budget (OMB) issued new guidance Wednesday clarifying limits to the disbursement of Inflation Reduction Act (IRA) funds ordered by President Trump on Monday.

In one of a flurry of Inauguration Day executive orders, Trump directed federal agencies to “immediately pause the disbursement of funds” from both the IRA and the 2021 Bipartisan Infrastructure Law.

A full halt to the disbursement could imperil billions of dollars, including to projects in red states and districts. The order drew immediate pushback from Democratic lawmakers such as........

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