Under the Impoundment Control Act (ICA) of 1974, the president has the authority to permanently cancel federal funding once it has been enacted by Congress, referred to as a rescission. Under the ICA, the president must...more
On Friday, May 2, President Trump released the fiscal year (FY) 2026 Skinny Budget (“Budget”). Per the release, the Budget reduces nondefense discretionary funding by $163 billion or 23% from the 2025 enacted level, while...more