Rescissions
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Will Epstein Files Issue Effect GOP Lawmakers' August Recess?
Bloomberg Televisionยท 2025-07-25 21:58
Fiscal Policy & Appropriations - Congress has struggled to complete appropriation bills on time since the Bill Clinton era, increasing the likelihood of a continuing resolution [4] - The White House may propose another rescissions package later in the fall, potentially after the September 30th vote for a continuing resolution [6] - The White House is considering a strategy to bait Congress into rejecting a rescissions package, which would then be used as justification for impounding funds and initiating a legal battle [6] - Some Republicans are hesitant about another rescissions package, viewing it as Congress relinquishing its power of the purse [7] Tariffs & Rebates - The President mentioned the possibility of a rebate due to increased tariff revenue, but also emphasized paying down debt [9][10] - Senator Josh Hawley proposed legislation to send rebate checks to every working American [11] - Critics argue that tariff revenue is a tax on American citizens, suggesting that lowering tariffs would be a better approach than rebate checks [13][14] Federal Reserve & Interest Rates - The President's public pressure on the Federal Reserve is viewed as a strategy with limited potential for immediate impact [17] - The President's actions towards the Fed are interpreted as a signal to future Fed chairs to lower rates or face pressure [19][20] Reconciliation Package - The prospect of a reconciliation package 20 is considered unlikely, as the first bill addressed the major priorities of both Congress and the administration [15][16]