Reuters
WASHINGTON — The White House and some congressional Republicans are aiming to roll back a portion of the federal spending they approved just weeks ago as part of a $1.3 trillion spending bill.
President Donald Trump last month signed a bill passed by Congress that will fund the government until October. Trump threatened to veto the bill before signing it and made it clear at the time he was unhappy with the level of spending and the law’s long list of provisions.
The law raises military spending by $80 billion this year and domestic programs by $63 billion. Earlier this year, lawmakers struck a two-year budget deal, which will lift spending caps created in 2011, widening the federal budget deficit.
Lawrence Kudlow, the White House’s new National Economic Council director, said Sunday that he was involved in planning what he called an “enhanced rescission package” to peel back some of the spending approved in the bill signed into law last month. Taking aim at congressional Republicans, Kudlow said on Fox that “the Republican Party on the Hill has finally figured out it’s really not a bad idea to trim some spending because, after all, spending can lead to deficits and spending interferes with the economy.”
An expanded version of this report appears on WSJ.com.
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