In January 2021, the President sent a special message to Congress, proposing the rescission of $27.4 billion in budget authority from various federal programs. The message highlights efforts to cut unnecessary or wasteful spending, particularly in areas like foreign aid, energy, and educational exchanges. The proposed cuts would impact numerous departments and agencies, including Agriculture, Energy, and State, as well as international aid programs. If enacted, these rescissions would aim to reduce the federal budget deficit and encourage alternative funding sources for affected programs.
Simple Explanation
The President wanted to save some money by stopping or reducing money for certain programs, like helping other countries or arts projects, because he thought they were not really needed or they did the same thing as other programs. Some people were worried about this plan because it didn't say exactly how the saved money would be used instead.