Now Trump is trying a different approach: He is calling on Congress to claw back $15 billion in spending. This $15 billion is money Congress had every intention of spending — money put in budgets in past years to go toward programs in the Children’s Health Insurance Program and the Affordable Care Act. After approving an additional $1,600,000,000 in spending since December alone, Trump now wants to cut $15,000,000 (or 0.9 percent). [The details of Trump's $15 billion spending pullback]This has been the “worst six months for fiscal policy” Michael Peterson can remember. “At this point in U.S. fiscal history, $15 billion is literally a rounding error,” Collender said.

Source: Washington Post May 07, 2018 21:53 UTC