• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

White House sending $9.4B DOGE cuts package to Congress next week

by May 28, 2025
written by May 28, 2025

The White House is expected to send a federal spending cut proposal to Congress next week, two Republican sources told Fox News Digital on Wednesday.

It is the latest move by Republican officials to make good on promises to slash government spending, a project spearheaded by President Donald Trump and Elon Musk’s Department of Government Efficiency (DOGE).

The proposal is called a ‘rescissions package,’ a vehicle for the president to block funds that were already allocated by Congress in its yearly appropriations process. Once transmitted to Capitol Hill, lawmakers have 45 days to take it up before it’s voided.

An Office of Management and Budget (OMB) official told Fox News Digital the package is expected to total roughly $9.4 billion.

It will primarily target federal funding to NPR, PBS and the U.S. Agency for International Development, the official said, confirming details first reported by Axios.

A third GOP source told Fox News Digital that House GOP leaders had asked the White House to wait until their chamber finished their consideration of Trump’s ‘big, beautiful bill’ to send its spending-cut package.

The House passed the massive piece of tax-and-spending legislation last week after an all-night session of debate and procedural votes, sending it to the Senate for further consideration.

That bill, which is being advanced under the budget reconciliation process, primarily deals with mandatory government funding that Congress must change by amending the law itself.

A rescissions package targets discretionary government funding, which Congress sets the levels of every year in its annual appropriations process.

The White House referred Fox News Digital to OMB when reached for comment.

The package is expected to get to Congress just as Musk is beginning to step away from his role leading DOGE – but is apparently still keeping a close eye on governmental affairs.

The billionaire tech founder criticized Republicans’ ‘big, beautiful bill’ on ‘CBS News Sunday Morning,’ saying in a preview clip that he was ‘disappointed’ by it.

‘I think a bill can be big, or it could be beautiful. But I don’t know if it could be both,’ Musk said.

House Speaker Mike Johnson, R-La., vowed the House would do more to codify DOGE cuts in a statement after Musk’s message.

‘The House is eager and ready to act on DOGE’s findings so we can deliver even more cuts to big government that President Trump wants and the American people demand. We will do that in two ways,’ Johnson wrote on X.

‘1. When the White House sends its rescissions package to the House, we will act quickly by passing legislation to codify the cuts. 2. The House will use the appropriations process to swiftly implement President Trump’s 2026 budget. In the meantime, we have been working around the clock as we prepared for those processes. The House made sure to build on DOGE’s success within the One Big Beautiful Bill.’

Musk’s commentary, meanwhile, divided House Republicans on Wednesday.

‘This is why Mr. Musk has no place in Congress. He wants to codify discretionary cuts. He didn’t find enough waste, fraud, and abuse to fund [the Small Business Administration], let alone reduce our debt,’ one House GOP lawmaker granted anonymity to speak freely told Fox News Digital. ‘This was a gimmick, he got used, he’s now upset.’

Meanwhile, House Freedom Caucus Chairman Andy Harris, R-Md., who voted ‘present’ on the legislation last week, told Fox News Digital that he believed Musk was right.

‘I share Mr. Musk’s concerns about the short-term adverse effect on the federal deficit of the limited spending reductions in the BBB. Debt markets remain concerned about US total debt and annual deficits,’ Harris said.

The House is expected to begin working on fiscal year (FY) 2026 appropriations next week, though the rescission package deals with FY 2025 funding.

Additionally, the 45-day deadline for that is not the only marker on the horizon – identical FY 2026 spending bills must pass the House and Senate by the end of the current fiscal year on September 30 to avert a partial government shutdown.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Jeanine Pirro sworn in as interim US attorney, pledging ‘no more mercy for criminals’
next post
Trump confirms he told Netanyahu to back off Iran strikes amid nuclear talks

related articles

Trump ally Bukele’s party amends El Salvador constitution...

August 1, 2025

Trump takes jab at GOP senator, urging Republicans...

August 1, 2025

Trump Clashes With Reporter Over Tariffs, Citing Pandemic...

August 1, 2025

Secret Service must ‘course correct’ after alleged smuggling...

August 1, 2025

Longtime Biden aide testifies he stood to earn...

August 1, 2025

GOP senators rally around effort to end ‘radical...

July 31, 2025

Homesick GOP senators mull throwing out the rules...

July 31, 2025

Banned chemicals found in American shampoo, sunscreen and...

July 31, 2025

Huckabee, Witkoff slated for high-stakes Gaza visit to...

July 31, 2025

Trump backs stock trading ban so lawmakers like...

July 31, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Who is Neera Tanden? The controversial Dem operative who testified on Biden’s mental acuity

    June 24, 2025
  • ‘Fully justified’: Graham plows ahead with Trump border funding despite Paul’s objections

    June 12, 2025
  • AG Pam Bondi says FBI delivered ‘truckload’ of Epstein files after she put out hard deadline

    March 4, 2025
  • Ethereum, after a month, again above the $2700 level

    September 24, 2024
  • The top 5 political stories of 2024

    January 1, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,594)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Trump says he’ll drop sanctions on Syria in move to normalize relations

    May 13, 2025
  • Fed Chair Powell says ‘time has come’ for interest rate cut

    August 24, 2024
  • Who is Yahya Sinwar? The Israeli prisoner turned terrorist Hamas leader killed by IDF forces

    October 17, 2024

Recent Posts

  • Hegseth to look into ‘what went wrong’ in Afghanistan and pledges accountability, slams diversity motto

    February 8, 2025
  • After stinging election defeats, DNC eyes rural voters as key to 2026 midterm success

    January 31, 2025
  • Tim Walz’s claims about using IVF to have family aren’t exactly true

    August 21, 2024

Editor’s Pick

  • A look back at Trump’s past debates

    September 10, 2024
  • Freshman GOP lawmaker rallies behind Trump’s rapid illegal immigration crackdown: ‘No time to waste’

    January 28, 2025
  • US stocks open in the green after US-China deal: Nasdaq jumps 4%, S&P up 3%

    May 12, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock