WASHINGTON – President Donald Trump is sending a historic rescission request for $15 billion to Congress on Tuesday.
“Over 1000 rescissions have been sent to congress under this authority,” mentioned a Senior Administration Official. “This is the largest proposed by a President.”
The cash comes from unused funds from locations just like the Innovative Tech Loan program, a railroad program that expired in 2012, extra funds from the 2015 Ebola outbreak and tech help after hurricane Sandy.
After Congress receives the rescission request the funds can be frozen for 45 days as lawmakers vote.
”The home could be very on this package deal, now we have been working very intently with them,” mentioned the Senior Administration Official. “We expect them to move the package and then start a conversation with the Senate.”
Even if the package deal is permitted, stories point out the rescission would solely have a small influence on the projected $800 billion authorities funds deficit.
The presidential rescission was utilized by each President Gerald Ford and President Bill Clinton however not by President Barack Obama or President George W. Bush.