Congress passes spending cuts — but the small savings may make for bigger budgeting troubles

Published July 25, 2025 5:27am ET



Something remarkable occurred on Capitol Hill this month: Congress and the president partnered to make a law that cut the budgets of a few federal entities. A rescission of funds has not occurred since 1999, when former President Bill Clinton, a Democrat, struck a deal with the Republican-held House and Senate.

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