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The original item was published from 6/8/2018 2:30:26 PM to 6/23/2018 12:05:00 AM.

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Federal Government

Posted on: June 8, 2018

[ARCHIVED] House Passes Rescission Bill

June 7 in Washington, the House passed legislation that would rescind spending agreed to in the March budget deal, which prevented a government shut-down. It faces an uncertain future in the Senate.
 
The bill would ‘claw back’ nearly $15 billion in previously approved government funding. The House approved the measure in a vote of 210-206, with fiscal conservatives calling it a step in the right direction after they criticized the $1.3 trillion spending bill, which President Trump had signed earlier this year.

A Congressional Budget Office (CBO) analysis concluded that the plan would not affect The Children’s Health Insurance (CHIP) Program while having little impact on spending or on the deficit. The analysis concluded that it would cut about $1.1 billion in spending over a decade, while annual spending is running at about $4 trillion.
 
Contact: Jon Moran, Senior Legislative Analyst, jmoran@njslom.org, 609-695-3481, Ext. 121.

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