Today President Trump released a proposal for a $15.4 billion rescission of funds. The proposed rescissions come almost exclusively from unobligated fund balances appropriated in prior fiscal years. This means most are funds that were appropriated but never spent.
The largest category of rescissions is ....
The other significant category of rescissions hits...
The President has indicated he will release a larger rescission proposal towards the end of the month, which may include rescissions from this recent fiscal year (FY18). Congress now has 45 days to act on the proposal, during which time all list funds will be frozen.
A full list of proposed rescissions is...