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The White House will ask Congress next week to enact $9 billion of spending cuts into law — a small portion of the $175 billion in savings that Elon Musk’s Department of Government Efficiency claims to have found.
The cuts — first floated in April but waylaid amid efforts in the House to pass President Donald Trump’s tax bill — would target funding for the Public Broadcasting Service, National Public Radio and foreign aid in the current fiscal year, according to an Office of Management and Budget spokeswoman.
The renewed interest in the rescissions comes as Musk has criticized the “One Big Beautiful Bill” that Trump favored — and which passed the House last week — because it would increase federal deficits.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.
On this edition, Joe and Kailey speak with:
- Republican Congressman Byron Donalds of Florida.
- Bloomberg Intelligence Financials Analyst Ben Elliot.
- Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
- Atlanta Mayor Andre Dickens
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