Trump's Rescission Package Would Save Far Less Than White House Claims, CBO Says

Government Executive: President Trump’s proposed package to revoke federal spending would save only $1 billion in actual outlays over the next 10 years, according to a new estimate from the Congressional Budget Office, just 6 percent of the total cuts put forward in the plan.   

The White House has boasted the rescissions would slash $15 billion, but CBO found the actual savings would be mitigated because the targeted funding stems largely from unspent money and appropriations that are no longer necessary for agencies. Administration officials have gloated the rescission package is the largest ever proposed by a president at one time.

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