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  • 4 days ago
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00:00Republicans in Congress approved President Trump's request to cancel $9 billion in already
00:05appropriated foreign aid and $1 billion for public broadcasting.
00:11It's called a rescissions package.
00:14Is the Trump administration going to attempt another rescissions package, and what would
00:19you target if so?
00:20We're very open to it.
00:21The president will make a decision on that in the weeks ahead.
00:25But we have a lot of cuts that we've found, Department of Government Efficiency.
00:29We've sent many of those reductions up to the Hill in terms of our fiscal year 26 budget.
00:34We're taking a look as to the extent to which there are unspent fiscal year 25 funds.
00:39We're also going through a review, and sometimes we may not rescind it.
00:42This last week we released billions of dollars in education funding.
00:46It took us longer because many of those programs we have fundamental concerns with because they
00:50go to left-wing advocacy groups, and it took us a long time to make sure that they were
00:55consistent with presidential EOs.
00:57We were able to release those in time for the school year, even though they're multiyear
01:00funds.
01:02And so each funding program is different.
01:04We'll be looking at that.
01:06But we are very open.
01:07We had a very good vote in the House, in the Senate.
01:10But again, there's a debate right now on Congress as the extent to which these things upset the
01:15appropriations process.
01:16We do not believe they do.
01:18We think that the rescissions bills, in fact, make the appropriations process work and allow
01:22taxpayers to receive some dividend for the fact that we're $37 trillion in debt.
01:27But it's a push and pull that we're going through over the next several weeks.
01:30I want to ask you about that in a second.
01:32But before I do, there are reports that you're considering using something called a pocket
01:35rescission, which has essentially allowed the White House to run out the clock to sidestep
01:40Congress weighing in on additional spending cuts.
01:43Democrats say that's illegal.
01:44You can't do it.
01:45Is that a tool you're going to use?
01:46It's very possible that we might use pocket rescissions.
01:49It's one of our executive tools.
01:50It's been used before.
01:52The General Accounting Office, which we're not a big fans of, has said it was legal in
01:56the 1970s.
01:58And so Congress has come along and said, hey, we have concerns with it.
02:02It is a fully legal approach to being able to use the Impoundment Control Act, another law
02:07we're not too big fans of, to use that to be able to send up a rescissions bill later
02:13in the year and be able to have it just evaporate at the end of the fiscal year.
02:17So you said possible, but it sounded like you were about to say likely.
02:19No.
02:20We're definitely looking at it.
02:22We're looking at all options.
02:23I've said on every one of these shows, nothing is taken off the table for us to be able to
02:27deal with the deficits that we have.

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