Fox News correspondent Mark Meredith has the latest from West Palm Beach, Florida.
In the President’s signing statement, accompanying his signature of the COVID aid/government funding plan, he points out he wants "far less wasteful spending and more money going to the American people in the form of $2,000 checks per adult and $600 per child."
Under the Budget Act of 1974, the President is required to submit a "budget request" to Congress in the winter. Many of the spending requests flagged by the President were consistent with his own budget request to Capitol Hill earlier this year.
But, the President goes on to say he is "demanding many rescissions under the Impoundment Control Act of 1974. The Act provides that, 'whenever the President determines that all or part of any budget authority will not be required to carry out the full objectives or scope of programs for which it is provided, or that such budget authority should be rescinded for fiscal policy or other reasons (including termination of authorized projects or activities for which budget authority has been provided), the President shall transmit to both Houses of Congress a special message’ describing the amount to be reserved, the relevant accounts, the reasons for the rescission, and the economic effects of the rescission. 2 U.S.C. § 683."