https://www.taxtmi.com/news?id=49549 The Senate advanced a presidential request for spending rescissions to cancel roughly nine billion dollars of previously approved funds in a tie breaking vote by the Vice President, with the package trimmed to exclude a PEPFAR cut but still targeting certain foreign aid programs and the Corporation for Public Broadcasting; concerns focus on OMB's lack of program specificity, impacts on local public media and international assistance, the effect on the appropriations process, and ensuing political negotiations and procedural steps including a potential vote-a-rama and return to the House. en-us Wed, 16 Jul 2025 09:16:03 +0530 Wed, 16 Jul 2025 09:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=49549 The Senate advanced a presidential request for spending rescissions to cancel roughly nine billion dollars of previously approved funds in a tie breaking vote by the Vice President, with the package trimmed to exclude a PEPFAR cut but still targeting certain foreign aid programs and the Corporation for Public Broadcasting; concerns focus on OMB's lack of program specificity, impacts on local public media and international assistance, the effect on the appropriations process, and ensuing political negotiations and procedural steps including a potential vote-a-rama and return to the House. News - Wed, 16 Jul 2025 09:16:03 +0530 https://www.taxtmi.com/news?id=49549