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.
A senior administration official told reporters on a conference call Monday that this would be the first of two packages ― with the White House expecting lawmakers to approve these recommended cuts before tackling another bundle of reductions directed at the omnibus spending bill passed in March. However, while the House looks apt to approve the package ― which would cut roughly $7 billion from the Children’s Health Insurance Program (CHIP), $4.3 billion from a government vehicle loan program and more than $100 million in unspent funds to address Hurricane Sandy damage ― the White House said it looked forward to having a “conversation” with the Senate.
via Huffington Post.
