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.






















