“President Donald Trump is cutting nearly $3 billion in spending, much of it reserved for foreign aid, by unwinding part of a 2023 fiscal deal loathed by conservatives,” Semafor reports.
“Trump is slashing from a pot of money deemed emergency spending by the 2023 Fiscal Responsibility Act, which capped federal spending but also included a side deal criticized by Trump and his allies. One element of the 2023 law’s side deal allowed for more than $12 billion in emergency spending for this year, but Trump is effectively deeming about a quarter of that as outside the scope of any emergency.”
