Rich People Trades
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Rich People Trades

Politics

White House sending $9.4B DOGE cuts package to Congress next week

by admin May 29, 2025
May 29, 2025
White House sending $9.4B DOGE cuts package to Congress next week

The White House is expected to send a federal spending cut proposal to Congress next week, two Republican sources told Fox News Digital on Wednesday.

It is the latest move by Republican officials to make good on promises to slash government spending, a project spearheaded by President Donald Trump and Elon Musk’s Department of Government Efficiency (DOGE).

The proposal is called a ‘rescissions package,’ a vehicle for the president to block funds that were already allocated by Congress in its yearly appropriations process. Once transmitted to Capitol Hill, lawmakers have 45 days to take it up before it’s voided.

An Office of Management and Budget (OMB) official told Fox News Digital the package is expected to total roughly $9.4 billion.

It will primarily target federal funding to NPR, PBS and the U.S. Agency for International Development, the official said, confirming details first reported by Axios.

A third GOP source told Fox News Digital that House GOP leaders had asked the White House to wait until their chamber finished their consideration of Trump’s ‘big, beautiful bill’ to send its spending-cut package.

The House passed the massive piece of tax-and-spending legislation last week after an all-night session of debate and procedural votes, sending it to the Senate for further consideration.

That bill, which is being advanced under the budget reconciliation process, primarily deals with mandatory government funding that Congress must change by amending the law itself.

A rescissions package targets discretionary government funding, which Congress sets the levels of every year in its annual appropriations process.

The White House referred Fox News Digital to OMB when reached for comment.

The package is expected to get to Congress just as Musk is beginning to step away from his role leading DOGE – but is apparently still keeping a close eye on governmental affairs.

The billionaire tech founder criticized Republicans’ ‘big, beautiful bill’ on ‘CBS News Sunday Morning,’ saying in a preview clip that he was ‘disappointed’ by it.

‘I think a bill can be big, or it could be beautiful. But I don’t know if it could be both,’ Musk said.

House Speaker Mike Johnson, R-La., vowed the House would do more to codify DOGE cuts in a statement after Musk’s message.

‘The House is eager and ready to act on DOGE’s findings so we can deliver even more cuts to big government that President Trump wants and the American people demand. We will do that in two ways,’ Johnson wrote on X.

‘1. When the White House sends its rescissions package to the House, we will act quickly by passing legislation to codify the cuts. 2. The House will use the appropriations process to swiftly implement President Trump’s 2026 budget. In the meantime, we have been working around the clock as we prepared for those processes. The House made sure to build on DOGE’s success within the One Big Beautiful Bill.’

Musk’s commentary, meanwhile, divided House Republicans on Wednesday.

‘This is why Mr. Musk has no place in Congress. He wants to codify discretionary cuts. He didn’t find enough waste, fraud, and abuse to fund [the Small Business Administration], let alone reduce our debt,’ one House GOP lawmaker granted anonymity to speak freely told Fox News Digital. ‘This was a gimmick, he got used, he’s now upset.’

Meanwhile, House Freedom Caucus Chairman Andy Harris, R-Md., who voted ‘present’ on the legislation last week, told Fox News Digital that he believed Musk was right.

‘I share Mr. Musk’s concerns about the short-term adverse effect on the federal deficit of the limited spending reductions in the BBB. Debt markets remain concerned about US total debt and annual deficits,’ Harris said.

The House is expected to begin working on fiscal year (FY) 2026 appropriations next week, though the rescission package deals with FY 2025 funding.

Additionally, the 45-day deadline for that is not the only marker on the horizon – identical FY 2026 spending bills must pass the House and Senate by the end of the current fiscal year on September 30 to avert a partial government shutdown.

This post appeared first on FOX NEWS

previous post
Explosive new intelligence report reveals Iran’s nuclear weapons program still active
next post
China thought it had a truce with the US. Then Trump dropped two bombshells

Related Posts

EPA fires or reassigns hundreds working on ‘environmental...

April 24, 2025

PETA, animal rights groups praise Trump admin for...

April 14, 2025

‘Designated terrorists’: Extremist groups raked in millions from...

February 11, 2025

‘Let us be the parents’: Supreme Court should...

April 23, 2025

Dem rising star eyes Vance as key long-term...

April 17, 2025

Alex Soros in hot seat after left-wing outlet...

April 27, 2025

Bipartisan senators’ bill would require Congress to approve...

April 4, 2025

Senate Armed Services leaders ask Pentagon watchdog to...

March 28, 2025

Kash Patel takes reins at scandal-ridden FBI with...

February 22, 2025

Trump, Putin agree to begin ceasefire negotiations in...

March 19, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      First lady Melania Trump’s new official portrait revealed

      January 28, 2025
    • 2

      Health experts prep Dem lawmakers on anti-vaccine arguments ahead of RFK Jr’s confirmation hearings

      January 28, 2025
    • 3

      ECOWAS pledges to ‘keep door open’ after 3 coup-hit West African nations exit regional bloc

      January 30, 2025
    • 4

      Vale Launches Strategic Review of Thompson Nickel Operations Amid Market Challenges

      January 28, 2025
    • 5

      American fighters are dying in Ukraine in growing numbers. Bringing their bodies home is a complex task

      January 30, 2025
    • 6

      Scorched-earth Shanahan: RFK Jr’s former running mate threatens political war against confirmation opponents

      January 30, 2025
    • 7

      Coral bleaching on Australia’s Great Barrier Reef reaches ‘catastrophic’ levels, study finds

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: richpeopletrades.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 richpeopletrades.com | All Rights Reserved