Trump Proposes $15 Billion in Spending Cuts

(From Reuters)

U.S. President Donald Trump will request a package of $15 billion in spending cuts from Congress on Tuesday, including some $7 billion from the Children’s Health Insurance Program championed by Democrats, senior administration officials said on Monday.

The proposal comes as the White House and conservative Republicans in the U.S. Congress were edging away from a threat to pick a new budget fight with Democrats after Republicans initially floated some $60 billion in cuts a few weeks ago.

Senior administration officials said the initial package of proposed cuts was targeted at federal funds that were sitting unspent. It would not affect a two-year budget deal agreed in February.

More “rescission” packages, including a “large” one that would address cuts Trump wants from that deal, would be forthcoming, one senior administration official said.

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