According to reports, President Donald Trump will reduce emergency spending by nearly $3 billion that was included in the Fiscal Responsibility Act of 2023.
In June 2023, then-President Joe Biden enacted this legislation. The law suspended the federal debt limit until Jan. 1 of this year and made several changes to federal spending and revenue.
According to Semafor, the legislation contained a "side agreement" that would allow for emergency spending of more than 12 billion dollars by 2025…
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