Trump Administration to Propose Rescissions Package

Trump Administration to Propose Rescissions Package



President Trump is looking to cut $15.4 billion out of the $1.3 trillion federal spending bill approved in March, using a process called rescission. This rescission request is expected to include funding from old accounts that was approved but hasn’t been obligated or spent, including HUD funding. This package is likely to be the first round of rescissions, with more to come later this year.

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