The White House on Tuesday unveiled its package of $15.4 billion in proposed spending cuts. The list of rescissions, as they’re called, includes 38 proposals ranging in size from about $519,000 to more than $5.1 billion. In all, the White House says, the suggested cuts represent the “largest single rescissions request in history” — though they would do little to reduce the federal budget deficit, which is projected to total more than $800 billion this year. …read more
Source:: Yahoo Finance
