Trump Admin to Propose $15 Billion Cut in Spending

Trump Admin to Propose $15 Billion Cut in Spending

Trump Admin to Propose $15 Billion Cut in Spending

Trump Seeks $15 Billion in More Cuts, Including $7 Billion from CHIP The Trump Administration is proposing to ask Congress to cut $15 billion in spending, including about $7 billion from the Children's Health Insurance Program (CHIP), Reuters reported.

Once the White House sends the rescission request to Congress, lawmakers will have 45 days to vote on it, with a simple majority required for it to pass. It will deviate from form in one important way, however: according to the same official, the $15 billion that Trump intends to return is the largest rescission package ever.

$800 million from the Center for Medicare and Medicaid Innovation, which is in excess of the funds needed in fiscal years (FY) 2018 or 2019 and will receive a new appropriation of $10 billion in 2020.

Democrats have supported such cuts in the past, eager to grab easy budget savings to finance new spending.

The White House said Trump is committed to "use every tool at his disposal to rein in out-of-control Federal spending".

The Trump administration is unveiling a multibillion-dollar roster of proposed spending cuts but is leaving this year's $1.3 trillion catchall spending bill alone.

Democratic Senator Patrick Leahy of Vermont told reporters he'll meet with Republicans to discuss options on the proposal. The administration says it will propose cuts to the omnibus measure later in the year.

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Senate Majority Leader Mitch McConnell of Kentucky and Republican members of the House and Senate spending committees had resisted the initial White House request to cut the current budget.

Maya MacGuineas, president of the nonpartisan group, said, "Congress should seriously consider the president's proposed rescission package, or at least a subset of it".

McCarthy wants to succeed soon-to-retire House Speaker Paul Ryan, R-Wis., and some of his allies view the project as a way to improve his standing with fractious GOP conservatives who blocked his path to the speakership in 2015.

"Washington has a spending problem", Russ Vought, deputy director of the White House Office of Management and Budget said in a White House release.

President Donald Trump's package, known as a rescissions request to kill existing budget commitments, rekindled partisan fiscal conflict in Congress on the heels of relative calm with the March 23 enactment of a government-wide funding bill.

"It's a modest first step", said GOP Representative Warren Davidson of OH, a member of the conservative House Freedom Caucus.

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