Live Breaking News & Updates on Unnecessary programs act

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The size of the federal government and the national debt have risen to historically high levels. Thankfully, there are tools available to the President and Congress to begin to address wasteful spending. One such tool is the Impoundment Control Act (ICA), which requires the President to identify unneeded unspent funds for Congress to rescind under expedited procedures. President Donald Trump has recently proposed 73 rescissions totaling $27.4 billion under the ICA.
What Is a Rescission?
Through appropriations acts, Congress provides federal agencies the ability to spend Treasury funds, called budget authority.REF This budget authority allows an agency to obligate funds throughout the fiscal year on an apportionment schedule dictated by the Office of Management and Budget (OMB). The obligation is a commitment to spend funds, creating a liability on behalf of the government to make a payment. When the payment pursuant to the obligation is made, an outlay occurs.

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