Republicans seek to trim federal spending by $130 billion, but agencies warn that could delay Social Security, snarl travel, furlough FBI agents and disrupt public housing
Since taking over the House, GOP lawmakers have looked to cleave roughly $130 billion from federal agencies and programs in the 2024 fiscal year. Pushing for austerity, Speaker Kevin McCarthy submitted new demands to President Biden this week, and party lawmakers plan to hold a hearing Wednesday on the country’s fiscal health, hoping to highlight the government’s growing debt, currently at about $31 trillion.
Yet, DeLauro said, the problem is that the GOP had not yet offered a detailed plan, meaning Democrats have “nothing to go on.” The debates are technically distinct, but Republicans have essentially fused them together: Party lawmakers have refused to lift the country’s borrowing cap unless they first secure steep spending reductions from the White House. The demand has infuriated Democrats, who did not try to extract similar concessions from President Donald Trump when he faced the same fiscal deadlines.
In response, Biden asked Republicans in a letter to “present the American public with your budget plan” before the upcoming Easter recess so that he and McCarthy “can have an in-depth conversation when you return.” The president said this must occur separately from the debt limit, reiterating his belief that Republicans should address the borrowing cap without conditions.In the meantime, the GOP’s far-right wing, a group known as the House Freedom Caucus, has put forward its own ultimatum.
In reality, lawmakers would have the latitude to fine tune where, and how much, they trim federal spending, meaning every agency or program is unlikely to see the same reduction. But Democrats still say the answers demonstrate how the GOP’s approach could hamstring some of the government’s most important services.
For the Education Department, meanwhile, 22 percent cut in funding would “likely reduce” the maximum award it makes in Pell Grants, which are meant for roughly 6.6 million low-income college students. To prevent a shortfall, officials may have to cut benefits by nearly $1,000 while “eliminating Pell Grants altogether for approximately 80,000 students,” the agency said.
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