"We believe that we are placing adequate resources into the state coffers to ensure stability for the time being," said Landry's statement, which was issued jointly with state Senate President Cameron Henry, state House Speaker Phillip DeVillier and state Treasurer John Fleming.

President Trump signed an executive order freezing federal aid programs and asked the Office of Management and Budget (OMB) to review all federal funding disbursements until further notice.

A memo on federal funding could be a potential blueprint for how Trump could try to wield executive power throughout his presidency