Trump to demand Congress cut $15B in spending ‘rescission’ package

by
May 8, 2018

The government had its best budget month in history in April, the Congressional Budget Office said Monday, as a soaring economy put more money into people’s paychecks — and thus more to pay to Uncle Sam.

The Treasury collected $515 billion en route to a monthly surplus of $218 billion, both of which are records. Spending, meanwhile, was up moderately.

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President Trump wants to do even more to limit the spending side, the White House told Congress. He said he will send up a $15 billion “rescissions” package on Tuesday and challenge lawmakers to cut money that has been sitting unspent in accounts across the government.

Among the 38 cuts he will propose are $4.3 billion in a vehicle technology loan program, $800 million from an Obamacare payment pilot program and more than $200 million that the Obama administration earmarked for the Ebola outbreak that dissipated years ago.

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