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The Impoundment Control Act of 1974 provides that the president may propose rescission of specific funds, but that rescission must be approved by both the House of Representatives and Senate within 45 days. In effect, the requirement removed the impoundment power, since Congress is not required to vote on the rescission and, in fact, has ...
In late November 2019, the Impoundment Control Act made news during the Trump impeachment investigation, when two budget office staffers resigned over their concerns over apparent improprieties regarding the hold of approved Ukraine military funds. Among the concerns was the questionable transfer of decision-making authority to Michael Duffey ...
The funds were ultimately released, and the Government Accountability Office argued that the Trump administration broke the law by withholding the aid. What did Trump say before he was elected?
Trump has promised to drastically slash federal spending by using Elon Musk as an adviser to a new committee and possibly by impoundment
A slush fund is a fund or account used for miscellaneous income and expenses, particularly when these are corrupt or illegal. [1] Such funds may be kept hidden and maintained separately from money that is used for legitimate purposes.
Political and economic observers might want to familiarize themselves with the wonky concept of 'impoundment.' Donald Trump (and 'first buddy' Elon Musk) could make it front and center in 2025.
Train v. City of New York, 420 U.S. 35 (1975), was a statutory interpretation case in the Supreme Court of the United States. [1] Although one commentator characterizes the case's implications as meaning "[t]he president cannot frustrate the will of Congress by killing a program through impoundment," [2] the Court majority itself made no categorical constitutional pronouncement about ...
This debt mainly represents obligations to Social Security recipients and retired federal government employees, including military. In the United States, intragovernmental holdings are primarily composed of the Medicare trust funds, the Social Security Trust Fund, and Federal Financing Bank securities. A small amount of marketable securities ...