And you thought you had just figured out what "reconciliation" means in Congressional budget terms.Here’s a new vocabulary term: rescissions.You might not be able to spell it. But I can tell you what it does.A "rescissions" bill "rescinds" money which Congress has already allocated, ex post facto.For simplicity, I often describe rescissions legislation as "spending cancellations." Congress appropriated money. Then, under a recissions bill, Congress claws back dollars it previously appropriated. It’s kind of like a reverse appropriation.And you thought that in elementary school, there were no takebacks.TRUMP SENDS $9.4 BILLION DOGE CUTS PROPOSAL TO CONGRESS, TARGETING NPR, PBSPresidential administrations
