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Filtering by entity: Mr. Speaker | Clear Filter
Summary:President Trump cancelled $4.9 billion in foreign aid last night through a pocket rescission, demonstrating the 'America First' policy.
Sentiment:Triumphant
Key Claims:
- President Trump cancelled $4.9 billion in foreign aid last night.
- This cancellation was enacted using a pocket rescission.
- The action is consistent with the 'America First' principle.
- The rescission is documented in a letter from The White House, dated August 28, 2025.
- The rescissions report 15 changes to budget authority, totaling $4.9 billion.
- The rescissions affect programs under the Department of State, USAID, and International Assistance Programs.
- The action is taken in accordance with section 1012(a) of the Congressional Budget and Impoundment Control Act of 1974.
Potential Market Impact (S&P 500):1/10
Potential Geopolitical Risk:2/10
Potential Global Cross-Asset Impact:1/10
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