Senior administration officials said the initial package of proposed cuts was targeted at federal funds that were sitting unspent. The senior administration official, speaking to reporters on a conference call, said the cuts would not hurt the program. The administration is also proposing $4.3 billion in cuts from an advanced technology vehicle loan program, which the official said had not made a loan since 2011. Most reductions were aimed at non-defense spending, including nearly $1.5 billion in child nutrition programs, $700 million in student grants and $2.2 billion in international disaster aid. To do that, McCarthy would need the support of conservative House Republicans, who spoke last month of taking an “aggressive” approach to budget rescissions.

Source: bd News24 May 07, 2018 23:15 UTC