House Republicans Consider Rescinding Covid Funds and Shrinking Food Aid in Fiscal Plan.
TL;DR Summary
House Republicans are considering recalling between $50 billion and $70 billion in unspent Covid relief funds as a way to save money and avoid cutting funding for popular federal programs. However, identifying and accessing the leftover money is a challenge, and even if they succeed, it would do little to shrink the nation's $1.4 trillion deficit. The move is just one way Republicans are trying to rein in federal spending in exchange for their votes to raise the debt ceiling, which is expected to be breached as early as June. The White House has pushed back on the proposal, signaling that it would not support rescinding a significant amount of the funds.
- House G.O.P. Eyes Rescinding Unspent Covid Money as Part of Its Fiscal Plan The New York Times
- Inside McCarthy's controversial plan to shrink food aid POLITICO
- McCarthy Debuts Spending Cuts — But May Lack Votes To Pass Them : The NPR Politics Podcast NPR
- Analysis | House Republicans' Medicaid work requirement plan is here The Washington Post
- Playbook PM: Clock ticks on McCarthy's budget plan POLITICO
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