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Trump Backs Down on Rescinding $4 Billion in Foreign Aid

President Donald Trump has opted against a cost-cutting measure to cancel more than $4 billion in budgeted foreign assistance, much of which he previously deemed as wasteful.

The administration earlier this week cited U.S. taxpayer dollars going to projects such as border security in Asia, crop diversity in Bangladesh, solar panels in Central Asia, and family planning in West Africa as projects to be cut.

The move to scrap a spending freeze on certain foreign-aid programs appears to be a victory for House Speaker Nancy Pelosi, D-Calif., who wrote a letter last week to Treasury Secretary Steven Mnuchin complaining that the rescissions would “violate the good faith of our budget negotiations.”

The Trump administration initially was set to roll out a “rescissions” plan for the State Department this week. Rescission is the process by which the president can pull back congressionally appropriated—but unspent—money.

Read the full story from The Daily Signal

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