X

White House readying last-minute $27B spending cuts plan

‘Rescissions’ package can be undone by Biden administration, ignored by Democrats

The Trump administration was preparing a $27.4 billion package of spending rescissions to send to Capitol Hill, likely on Wednesday, which once sent will place a temporary hold on the funds at least until President-elect Joe Biden’s budget team gets situated.

The rescissions request, which allows the executive branch to try to cancel previously appropriated funds if Congress agrees, is almost twice as large as the $15.2 billion rescissions request he sent to Congress in 2018. At the time that package, which ultimately was blocked in the Senate, was the largest in history.

The new cuts package, described by sources familiar with it on condition of anonymity, is also orders of magnitude bigger than the nearly $4 billion in spending items President Donald Trump critiqued in the $1.4 trillion fiscal 2021 omnibus appropriations package.  Continue reading.

Data and Research Manager: