Politics8/29/2025Bloomberg

Trump Notifies Congress of Plan to Rescind Billions in Foreign Aid

Trump Notifies Congress of Plan to Rescind Billions in Foreign Aid

President Donald Trump has notified Congress of his plan to rescind billions of dollars in foreign aid spending. The proposal aims to claw back nearly $5 billion in already-approved funds before the end of the fiscal year. This move allows Trump to cut the funding himself if Congress fails to act by the end of September. The proposed rescission of foreign aid comes as the administration seeks to redirect resources towards domestic priorities. The decision has sparked concerns among lawmakers and foreign policy experts about the potential impact on ongoing international development and humanitarian programs. The proposal will now be reviewed by Congress, which has the authority to approve or reject the president's request for the funding cuts.

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