House Republicans push for spending cancellations as Elon Musk and conservatives demand deeper budget cuts

And you thought you had just figured out what "reconciliation" means in Congressional budget terms.

Here’s a new vocabulary term: rescissions.

You might not be able to spell it. But I can tell you what it does.

A "rescissions" bill "rescinds" money which Congress has already allocated, ex post facto.

For simplicity, I often describe rescissions legislation as "spending cancellations." Congress appropriated money. Then, under a recissions bill, Congress claws back dollars it previously appropriated. It’s kind of like a reverse appropriation.

And you thought that in elementary school, there were no takebacks.

TRUMP SENDS $9.4 BILLION DOGE CUTS PROPOSAL TO CONGRESS, TARGETING NPR, PBS

Presidential ...