Biden withdraws $27.4B spending cuts offered by Trump

US President Joe Biden, on Jan. 31, withdrew all the spending cuts proposed by former President Donald Trump during his final days in office, Report informs, referring to Bloomberg.

Biden said in a letter to Congress that he was reversing all 73 spending cuts that Trump had requested, which touched virtually every cabinet-level agency as well as federal programs such as the National Endowments of the Arts and Humanities.

Under the 1974 Budget and Impoundment Control Act, the president can request that Congress rescind budget authority that it had previously approved.

The cuts, known as rescissions, totaled $27.4 billion, according to a Jan. 14 letter to Congress from the Trump White House. The proposed cuts had come after Trump grew frustrated with some of the spendings in a December spending bill.

The proposed cuts would have also hit the legislative branch of the federal government, the District of Columbia, the Peace Corps, and the US Agency for International Development, among other initiatives.