Recissions Package

Update 882: Rescissions Package Sets Precedent

Update 882 – Fiscal Fingers Crossed?Rescissions Package Sets Precedent For the first time in over 30 years, Congress has acted on a presidential rescissions request under the Impoundment Control Act to cancel funding that was previously approved in bipartisan appropriations bills. Beyond funding cuts, this move sets a precedent for undoing negotiated agreements by simple …

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Update 874: Round-Up on Trade, Prices, Recissions

Update 874 – Tariff Rate Date MoveMay CPI, Rescissions Bill Lead Week On Tuesday, President Trump announced that the United States had completed a framework for a trade deal with China, calling for both countries to loosen export controls and bring tariff rates back down to levels agreed to in the Geneva “truce.” The next …

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