Biden Reverses $27.4 Billion in Spending Cuts Proposed by Trump

President Joe Biden on Sunday said he is withdrawing a package of spending cuts proposed by former President Donald Trump prior to leaving office. Biden informed House Speaker Nancy Pelosi (D-Calif.) that he is withdrawing the 73 proposed rescissions previously delivered to Congress totaling $27.4 billion in spending cuts. Trump unveiled his spending cut package on Jan. 14, less than a week before he was scheduled to leave office. He had previously signaled that he would propose “rescissions” to a $2.3 trillion government funding bill to reduce spending in particular areas his administration had deemed “wasteful.” The spending-cut proposals were made by invoking the 1974 Impoundment Control Act. Under the act, if a president wants to spend less money than Congress provided for a particular program, he can seek congressional approval to rescind by sending a special message to Congress identifying the amount he proposes to rescind, the reasons for it, and …