Washington — The White House is expected to send Congress a rescissions package in the coming days, looking to claw back congressionally approved funding amid a broader effort to dramatically slash ...

Earlier this year, Congress voted for, and the administration signed, a rescission package. This package called for defunding the Corporation for Public Broadcasting (CPB), requiring it to take back ...

At some point on Wednesday evening, the Senate is likely to approve a bill trimming the federal budget by about $9 billion—though the exact total could change as amendments are offered on the Senate ...

A rescission occurs when parties to a transaction agree essentially to turn back the clock and simply void a transaction, treating the situation not as two events (the original deal and the subsequent ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Skylar Clarine is a fact-checker and ...

The court stated rescinding the $56 billion pay package wasn't a proper remedy because it left Musk uncompensated for six ...

President Donald Trump recently moved to cancel $4.9 billion in spending on foreign aid, the latest skirmish in the battle for control of the federal budget between the White House‘s Office of ...

Your Vox Membership goes further this holiday season. When you buy an annual membership, we’ll give one to someone who can’t afford access. It’s a simple way for you to support Vox’s journalism and ...

The right of rescission is a consumer protection provided by the federal Truth in Lending Act, also known as Regulation Z. It gives individuals the option to cancel certain residential loans within ...

The Constitution unambiguously grants Congress the power to determine how tax dollars are spent, an uncomfortable reality for the Trump administration's efforts to unilaterally slash spending. Many of ...