https://www.taxtmi.com/news?id=46408 The executive transmitted a rescissions package seeking cancellation of previously appropriated funds for foreign aid programs and the Corporation for Public Broadcasting, comprising 21 proposed rescissions. The transmission freezes the targeted funds for a 45 day period pending congressional action; if Congress does not approve the cancellations within that period the appropriations remain. The package's proponents emphasize spending discipline, and its procedural benefit is that approval would require only a simple majority in the 100 member Senate rather than the usual higher threshold for spending measures. en-us Thu, 12 Jun 2025 16:46:02 +0530 Thu, 12 Jun 2025 16:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=46408 The executive transmitted a rescissions package seeking cancellation of previously appropriated funds for foreign aid programs and the Corporation for Public Broadcasting, comprising 21 proposed rescissions. The transmission freezes the targeted funds for a 45 day period pending congressional action; if Congress does not approve the cancellations within that period the appropriations remain. The package's proponents emphasize spending discipline, and its procedural benefit is that approval would require only a simple majority in the 100 member Senate rather than the usual higher threshold for spending measures. News - Thu, 12 Jun 2025 16:46:02 +0530 https://www.taxtmi.com/news?id=46408