88m3
Fast Money & Foreign Objects
By Damian Paletta and Erica Werner May 7 at 2:38 PM Email the author
President Trump is sending a plan to Congress that calls for stripping more than $15 billion in previously approved spending, with the hope that it will temper conservative angst over ballooning budget deficits.
Almost half of the proposed cuts would come from two accounts within the Children’s Health Insurance Program (CHIP) that White House officials said expired last year or are not expected to be drawn upon. An additional $800 million in cuts would come from money created by the Affordable Care Act in 2010 to test innovative payment and service delivery models.
Those are just a handful of the more than 30 programs the White House is proposing to Congress for “rescission,” a process of culling back money that was previously authorized. Once the White House sends the request to Congress, lawmakers have 45 days to vote on the plan or a scaled-back version of it through a simple majority vote.
If approved by Congress, the reductions would represent less than 0.4 percent of total government spending this year.
https://www.washingtonpost.com/busi...b648abe29ef_story.html?utm_term=.9372954af158
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This didn't get enough air yesterday, not sure if you guys missed it