September 26, 2026PoliticsMacro·Bearish·politics
Trump administration cancels $810m-$1bn in congressional funding via 'pocket rescission'
The Trump administration announced it is cancelling roughly $810 million to $1 billion in leftover congressional funding through a "pocket rescission," with about $567 million coming from HHS programmes that paid NGOs for refugee and asylum services. The Wall Street Journal reports the latest round also targeted funding for immigrants, refugees and housing services.
Detected & updated continuously · Source: Nebula
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Trump administrationUnited States CongressUS Department of Health and Human Services