WASHINGTON ― The White House is preparing to send Congress a roughly $15 billion package of spending cuts Tuesday using an obscure budgetary process to rescind so-called unobligated funds while also preparing another package that would take money from the recently passed government funding bill. The White House contends its CHIP cuts won’t affect the health care program, noting that $5 billion were funds for a program whose authorization has expired and $2 billion is from a contingency fund that isn’t expected to be used. Because of that political argument, even with a sizable GOP majority in the House, the cuts are not a sure thing in either chamber, particularly the Senate. The second package of cuts would be an even heavier lift in both chambers. Still, the White House is moving forward with the plan, if only to appear serious about fiscal conservatism while it adds massive amounts of money to the national debt.

Source: Huffington Post May 08, 2018 00:56 UTC